Grand Vision Media Statement re results and trading update

 
TIDMGVMH 
 
22 December 2021 
 
Grand Vision Media Holdings Plc 
 
("GVMH" or the "Company") 
 
Further update on Audit and Interim Results and Trading Update 
 
Following the announcements on 1 July 2021 & 29 October 2021, the Company 
continues to work towards the finalisation of its annual report and accounts 
for the year ended 31 December 2020 and the interim results for the 6 months to 
30 June 2021. 
 
Unaudited revenue for 12 months ending 31 December 2020 was HKD 5,827K (audited 
2019 : HKD 12,034K) and unaudited revenue for 6 months ending 30 June 2021 was 
HKD 1,742K (unaudited 2020 : HKD 6,045K). 
 
The Directors of the Company are currently exploring funding options which are 
necessary to bolster the financial position of the Company which has been 
adversely impacted by the pandemic.  Once this funding is in place the Company 
will finalise its accounts on a going concern basis and expect an unqualified 
audit report to be obtained. 
 
The outdoor media advertising market continues to be very weak and the new 
Omicron strain of COVID-19 is expected to lengthen the recovery profile of the 
sector. We continue to explore other opportunities and opportunities including, 
but not limited to, the marketing of PPE products although as previously 
announced the global logistics crisis is delaying any positive impact on our 
cashflow. 
 
The Company continues to be supported by the major shareholders, whilst it 
navigates through the uncertainties and disruption caused by COVID-19. 
 
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For more information: 
 
Grand Vision Media Holdings plc    http://gvmh.co.uk/ 
 
Jonathan Lo, Director              Tel: [phone] 
                                   or [e-mail] 
 
Alfred Henry Corporate Finance Ltd 
 
Nick Michaels / Jon Isaacs         Tel: [phone] 
                                   or [e-mail] 
 
 
 
END 
 
 

(END) Dow Jones Newswires

December 22, 2021 09:41 ET (14:41 GMT)