ESun Holdings (HKG:0571) expects at least 50% narrower consolidated loss attributable to owners for the six months ended Jan. 31, compared with HK$105.8 million from the same period last year, a Monday Hong Kong bourse filing said.

The media and entertainment company attributed the expected decrease to a decrease in depreciation of right-of-use assets and property, plant and equipment resulting from impairment losses provided for these assets a year ago.

Shares of the company closed over 8% higher on Monday.

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