Alibaba Pictures Group H1 net loss narrows to 162.1m yuan

Janice Heng
Published Thu, Nov 19, 2020 · 09:50 PM

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.

VIEW ALL

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

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here