Meitu narrows net loss by 94pc in first half as advertising and smartphone sales help

Published: 24/08/2017
Meitu narrows net loss by 94pc in first half as advertising and smartphone sales help
Source: WWW.SCMP.COM

Meitu, a Chinese photo-enhancing app provider and smartphone maker, posted a 94 per cent decline in net loss in the first half of 2017 on Thursday, helped by strong smartphone sales and online advertising revenue. Net loss stood at 131.7 million yuan (US$20 million), or 0.03 yuan per share, in the first six months of this year, compared to 2.1 billion yuan in the same period last year. T

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