litian pictures (09958) plunged at the end of the day with a sharp increase in volume, falling by 82.24% to HKD 0.27 as of the time of publication, with a turnover of 50.1942 million Hong Kong dollars.
According to the WiseFinancial APP, litian pictures (09958) plunged at the end of the day with a sharp increase in volume, falling by 82.24% to HKD 0.27 as of the time of publication, with a turnover of 50.1942 million Hong Kong dollars.
On the news front, litian pictures previously released its interim financial performance, with the group achieving a revenue of 10.058 million Chinese yuan during the period, a decrease of 86.95% year-on-year; the net loss attributable to equity shareholders of the company for the period amounted to 10.499 million yuan, an increase of 53.29% year-on-year.
litian pictures, established in 2013, is a television drama distribution company. Its main business currently involves licensing rights for self-produced and purchased television dramas. The performance announcement stated that the decrease in revenue was mainly due to a reduction of approximately 57.4 million yuan in income from the distribution and licensing of self-produced television dramas, and a reduction of approximately 11.8 million yuan in income from the distribution and licensing of purchased television dramas.