Brief: Ruicheng China Media Group Sees Decrease In Revenue Of About 42% For Six Months

Qian Xun Technology

07/08/2020 11:31

Aug 7 (Reuters) - Ruicheng China Media Group Ltd  1640.HK :
    * EXPECTS TO RECORD DECREASE IN REVENUE OF ABOUT 42% FOR SIX
MONTHS
    * EXPECTS DECREASE IN NET PROFIT OF ABOUT 38% FOR SIX MONTHS
TO
ABOUT RMB8 MILLION
    * EXPECTED RESULT DUE TO REDUCED ADVERTISING BUDGETS AND
THUS
REDUCED ADVERTISEMENT PLACING OF GROUP'S CUSTOMERS

Source text for Eikon:  ID:nHKS9fk1LF 
Further company coverage:  1640.HK 

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