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i-CABLE Communications ( (HK:1097) ) has provided an announcement.
i-CABLE Communications Limited reported its financial results for the year ended December 31, 2024, highlighting a challenging operating environment in Hong Kong due to a slowed-down retail market and geopolitical uncertainties. The company saw a slight decrease in revenue from continuing operations to HK$584 million, mainly due to a drop in subscription revenues. Despite a decrease in operating expenses, the net loss from continuing operations slightly increased by 1% to HK$553 million. The media segment experienced a 4% increase in revenue, driven by higher advertising revenue, while the telecommunications segment saw a 6% decline due to reduced subscription revenues.
More about i-CABLE Communications
i-CABLE Communications Limited is a Hong Kong-based company involved in media and telecommunications. The company focuses on providing innovative content, distribution, and marketing solutions to adapt to the changing media landscape and audience viewing habits, aiming to expand its reach and increase advertising revenue.
Technical Sentiment Signal: Buy
Current Market Cap: $24.78M
See more data about 1097 stock on TipRanks’ Stock Analysis page.