Maoyan Entertainment's H1 Profit Surges, Beats Estimates; Shares Fall Over 5%
Maoyan Entertainment's (HKG:1896) attributable profit surged to 406.6 million yuan, or 0.36 yuan per share, in the first half, from 151.9 million, or 0.13 yuan per share, in the year-ago period, a Thursday filing said.
Analysts at Visible Alpha estimated earnings per share at 0.32 yuan during the half.
Revenue at the entertainment company nearly doubled to 2.20 billion yuan from 1.19 billion yuan in the year-ago period, the filing said. Visible Alpha analysts forecast revenue at 1.97 billion yuan.
Shares fell over 5% during Friday's morning trading.
Price (HKD): $9.14, Change: $-0.36, Percent Change: -3.79%
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