Meitu loss narrows to 190m yuan

Business | 26 Mar 2020 6:35 pm

Mainland selfie app maker Meitu (1357) said adjusted net loss from continuing operations for 2019 narrowed 77 percent to 190.8 million yuan (HK$208.6 million) from a year before.

Revenue was 977.9 million yuan in 2019, up by 3.2 percent year-on-year.

Gross margin also expanded by 19.6 percentage points to 71.5 percent last year from a year before, due to a growing proportion of higher-margin businesses in the revenue mix such as premium subscription and online advertising.

 

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