One Championship loss deepens to S$129.5m in 2019 on marketing cost surge
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MIXED Martial Arts (MMA) promoter One Championship may face a tough road ahead, as recent regulatory filings made publicly available indicate a high cash burn and deep losses incurred in 2019, before the Covid-19 pandemic struck.
What remains to be seen is the impact of the pandemic on FY2020's figures, as well as whether the Temasek-backed company's upcoming foray into reality television could provide some earnings support.
For FY2019 ended December, Group One Holdings, the Singapore-registered entity of One Championship, posted a net loss of S$129.5 million for 2019 ended December, 57.7 per cent steeper than from the previous year.
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