Alibaba Pictures Group Limited (HK:1060) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Alibaba Pictures Group Limited reported a 17% increase in revenue to RMB 3,050 million for the first half of 2024, despite facing challenges in the slowing global film industry. The company’s adjusted EBITA rose by 39% to RMB 642 million, driven by its strategic focus on content and technology. Meanwhile, the live entertainment market showed a positive trend, contributing to the group’s overall growth amidst a complex market environment.
For further insights into HK:1060 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue