The net value for Main Event Entertainment Group Limited slipped as conditions caused by the coronavirus (COVID-19) impacted the company’s operations.
Shareholders’ equity or the company’s net value, slid by eight per cent to $533.61 million at year-end. This compares to net value of $ 578.84 million at October 2019.
Total assets of $854.12 million at year-end October 31, 2020, declined by 17 per cent year-over-year down from $1 billion at the end of the 2019 year.
Directors, in remarks attached to the year’s financials, indicate that the company has been confronted with unprecedented reductions in business activity which has had a major impact on revenues, and in turn, net earnings for the financial year.
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