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01060 ALI PICTURES
RTNominal down1.370 -0.020 (-1.439%)
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21/10/2019 14:44

Alibaba Pictures (01060) sees increase in interim loss

[ET Net News Agency, 21 October 2019] Alibaba Pictures Group Limited (01060) said it is
expected that the net loss attributable to owners of the company to be recorded by the
group for the six months ended 30 September 2019 will range between RMB370 million and
RMB400 million, compared with a loss of approximately RMB126 million for the six months
ended 30 September 2018.
The significant increase in loss was primarily due to an impairment provision of
approximately RMB105 million made by the group for certain historical equity investment
projects and a significant decrease in foreign exchange gains of approximately RMB110
million recorded during the above period. (RC)

Remark: Real time quote last updated: 12/12/2019 17:59
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