Alibaba Pictures Group H1 net loss narrows to 162.1m yuan
ALIBABA Pictures Group's net loss narrowed to 162.1 million yuan (S$33.1 million) for the half-year ended Sept 30, 2020, less than half the 390.4 million yuan net loss in the year-ago period, according to the Chinese film company's results released on Thursday night.
Revenue for this first half was 926.7 million yuan, down from 1.5 billion yuan in the year-ago period.
Loss per share for the period was 0.61 fen, compared with a loss per share of 1.48 fen in the year-ago period. No dividend was declared.
Dual-listed in Singapore and Hong Kong, the firm had earlier announced plans to delist from the Singapore Exchange's mainboard on Dec 4. Trading in its shares in Singapore has been suspended since Nov 11.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold edges down as Middle East worries ebb
Tesla could start selling Optimus robots by the end of next year, Musk says
Singapore stocks climb at Wednesday’s open; STI up 0.4%
China knockoff raid jolts a global throng of fake-fashion influencers
Singapore-based Amazon execs feel the brunt of job cuts
MPACT posts 1.8% higher Q4 DPU of S$0.0229