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Beijing Enlight Media Q1 Profit Falls 99%; Shares Down 8%

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Beijing Enlight Media Co (SHE:300251) posted first-quarter attributable net profit of 23.3 million yuan, down 99% from 2.02 billion yuan the previous year.

Earnings per share went down to 0.01 yuan from 0.69 yuan, according to a Wednesday filing with the Shenzhen bourse.

Operating revenue fell 94% year over year to 190.6 million yuan from 2.97 billion yuan.

Shares of the media company were down 8% in recent trade.

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