Brief: Alibaba Pictures Group Sees HY Net Loss Attributable Reduce By About 55% To 60%

Damai Entertainment Holdings

21/10/2020 14:12

Oct 21 (Reuters) - Alibaba Pictures Group Ltd  1060.HK :
    * EXPECT UNAUDITED REVENUE FOR SIX MONTHS WILL DECREASE BY
ABOUT
35% TO 40%
    * SEES NET LOSS ATTRIBUTABLE REDUCE BY ABOUT 55% TO 60% FOR
SIX
MONTHS
    * REMAINS OPTIMISTIC ABOUT GROWTH OF VARIOUS BUSINESS
SEGMENTS FOR
H2 OF 2020/2021
    * EXPECTED DECREASE IN REVENUE DUE TO SIGNIFICANT DECREASE
OF
ABOUT 70% IN REVENUE FROM INTERNET-BASED PROMOTION, DISTRIBUTION
SEGMENT
    * EXPECTED REDUCTION IN NET LOSS DUE TO DECREASE OF ABOUT
90% IN
SELLING & MARKETING EXPENSES

Source text for Eikon:  ID:nHKS3PPn6l 
Further company coverage:  1060.HK 

 ((Reuters.Briefs@thomsonreuters.com;))