Main Event Entertainment Group Limited, a provider of stage and lighting for large events, reported a two-thirds decline in annual profit to $70.1 million from $207 million in the previous year.
CEO Solomon Sharpe and Chairman Dr. Ian Blair in a statement to shareholders said it was a challenging year for the entertainment sector.
The sector experienced a downturn in marketing expenditure from major clients, along with fewer large-scale events.
They indicated this was reflective of an economic slowdown in Jamaica.
Main Event's revenue also declined to $1.7 billion for year ending October 2024, down 11 per cent for the year.
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