Litian Pictures (HKG:9958) expects to report a net loss of about 49 million yuan to 53 million yuan for the fiscal full year ended June 30, compared with a loss of about 554.1 million yuan in the comparative period.
The company attributed the narrower loss mainly to a sharp decline in impairment losses on drama-series copyrights to about 22 million yuan from 202 million yuan a year earlier.
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