Hualu Baina Q1 profit up 67%

Beijing Hualu Baina Film & TV Inc, recently reported financial results for the quarter ended March 31, 2016. Their first quarter profit has grown 67.37% to over RMB 39.8 million.

Net profit attributable to equity holders of the Company after deduction of non-recurring profit or loss has grown 37.59% annually to over RMB 31.5 million in Q1 2016.

Hualu Baina's Q1 revenue has increased 6.32% compared to the same period a year ago.

On 4th May Hualu Baina announced that it would set up a VR business unit. Over the next 3 years it will invest 1 billion yuan in virtual reality. 

In June 2015, Hualu Baina announced it would partner with one of its subsidiaries Blue Flame to invest 500 million yuan setting up a sports firm.

Beijing Hualu Baina Film &TV Inc. is a public company which primarily engages in the investment, production and distribution of TV dramas, as well as derivative business. The Company's main business is in TV drama and film and is also involved in variety shows.

Source : Beijing Hualu Baina Film & TV Inc.