Financial News
Written by: Huang Jie
2019-11-21 19:52
Last updated on: 2019-11-21 19:52Oriental Newspaper (0018) announced that as of the end of September this year, the profit attributable to shareholders was RMB 35.512 million, up 12.2% year-on-year; basic earnings per share was 1.52 sen; no interim dividend was paid.
During the period, the Group's revenue was 436 million yuan, down 5.3% year-on-year.
According to the Oriental Press, the demonstrations continued for several months and the retail market declined rapidly. Some advertisers were forced to postpone or even put aside publicity plans and activities, and the advertising revenue of the Oriental Daily News was also affected. The overall increase in profits was mainly due to the effectiveness of the throttling policy.
The group also announced that the "Oriental Daily Newsletter" will be charged from the beginning of 2020, which is believed to bring additional benefits to the Group.
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