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Alibaba Pictures Group Ltd

Alibaba Pictures Group Ltd.

Industry: Entertainment

Ticker Exchange ISIN Name
$1060 HKEx Main Board BMG0171W1055 Code: 1060

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Max Carey 14:23 22/10/2020

$1060 Profit warning due to #COVID-19: #bearish

unaudited revenue of the Group for the six months ended September 30, 2020 (the “First Half of the 2020/2021 Financial Year”) will decrease by approximately 35% to 40% from approximately RMB1.5 billion as recorded for the corresponding period last year, while the net loss attributable to owners of the Company will reduce by approximately 55% to 60% from approximately RMB390 million as recorded for the corresponding period last year.