Litian Pictures Reports Steep Losses in H1 2024

Litian Pictures Holdings Limited (HK:9958) has released an update.

Litian Pictures Holdings Limited reported a sharp downturn in their financial performance for the first half of 2024, with revenue plummeting by 86.9% and losses increasing by 53.3% compared to the same period last year. The company’s gross profit also fell by 62.2%, and they have decided not to issue any interim dividends. These results reflect a challenging period for the entertainment firm, prompting investor caution.

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