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Share Name Share Symbol Market Type Share ISIN Share Description
Grand Vision Media Holdings Plc LSE:GVMH London Ordinary Share GB00BDHBGL97 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.85 0.10 1.60 0.85 0.85 0.85 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 0.3 -0.6 -0.6 - 1

Grand Vision Media Statement re results and trading update

29/10/2021 1:39pm

UK Regulatory (RNS & others)


 
TIDMGVMH 
 
29 October 2021 
 
                        Grand Vision Media Holdings Plc 
 
                           ("GVMH" or the "Company") 
 
            Update on Audit and Interim Results and Trading Update 
 
Following the announcement on 1 July 2021 that the listing of the Company's 
shares has been suspended, the Company continues to work towards the 
finalisation of its annual report and accounts for the year ended 31 December 
2020. The interim results for the 6 months to 30 June 2021 were due to be 
released by today, and these results will now be released at the same time as 
the annual report and accounts. 
 
When the annual report and accounts, together with the interim accounts, are 
filed, the Company will request that the suspension be lifted and that trading 
in the Company's ordinary shares resume. 
 
Trading Update 
 
The results for the first half of 2021 continue to be adversely impacted by the 
pandemic.  The outdoor media advertising market continues to be very weak. We 
continue with our ongoing cost cutting measures and have maintained a minimum 
but adequate staffing level in China. Our Hong Kong based digital marketing 
team is stable and developing. 
 
We continue to explore other opportunities including the marketing of PPE 
products.  Although we have had some success, we have been adversely affected 
by the global logistics crisis which has delayed the completion of the deals on 
hand and hence collection and recognition of our revenue, which we believe will 
catch up in the second half of the year. 
 
We also plan to resume some of our delayed overseas projects in the second half 
of the year as we anticipate some relaxation in travel restrictions across 
Asia. 
 
The Company continues to be supported by the major shareholders, whilst it 
navigates through the uncertainties and disruption caused by COVID-19. 
 
                                  ### END ### 
 
For more information: 
 
Grand Vision Media Holdings plc    http://gvmh.co.uk/ 
 
Jonathan Lo, Director              Tel: +44 (0) 20 7866 2145 
                                   or info@gvmh.co.uk 
 
Alfred Henry Corporate Finance Ltd 
 
Nick Michaels / Jon Isaacs         Tel: +44 (0) 20 3772 0021 
                                   or enquiries@alfredhenry.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 29, 2021 08:39 ET (12:39 GMT)

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