Brief: Television Broadcasts FY Loss Attributable HK$647 Mln

Television Broadcasts

23/03/2022 08:39

March 23 (Reuters) - Television Broadcasts Ltd  0511.HK :
    * FY LOSS ATTRIBUTABLE HK$647 MILLION VERSUS HK$281 MILLION
    * FOR YEAR REVENUE HK$2,899 MLN VS HK$2,724 MLN
    * IN 2022, ONSET OF PANDEMIC FIFTH WAVE IN HONG KONG HAS
CLOUDED
NEAR-TERM OUTLOOK IN OUR HOME MARKET
    * IN TV BROADCASTING BUSINESS, ADVERTISING SALES BEGAN WELL
IN
2022, BUT SLOWED SIGNIFICANTLY IN FEB, MARCH
    * E-COMMERCE BUSINESS HAS STARTED STRONGLY IN 2022, WITH
MONTHLY
GMV REACHING HK$94 MILLION IN FEBRUARY 2022
    * EXPECT GRADUAL RECOVERY IN Q2 IN TV BROADCASTING BUSINESS
ADVERTISING SALES

Source text for Eikon:  ID:nHKS3L5CJL 
Further company coverage:  0511.HK 

 ((Reuters.Briefs@thomsonreuters.com;))