Alibaba Pictures Group Reports a 27% Decline in H1 Profit

MT Newswires Live

2024/11/20

Alibaba Pictures Group (HKG:1060) reported a profit attributable to owners of 336.6 million yuan for the six months ended Sept. 30, a 27% decline compared with 463.8 million yuan in the prior year period, according to a Wednesday filing with the Hong Kong bourse.

Earnings per share were 0.0114 yuan, compared with 0.0173 in the year-ago period.

Revenue for the period was 3.05 billion yuan, a 17% higher revenue from 2.62 billion in the previous year's quarter.

The company's shares were up by over 2% at the close of the market.

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