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The latest update is out from Television Broadcasts Limited ( (HK:0511) ).
Television Broadcasts Limited reported a significant improvement in its financial performance for 2024, with a positive EBITDA of HK$295 million and a substantial reduction in losses attributable to equity holders. The company’s core TV-related businesses saw a 10% revenue increase, driven by strong growth in both the Hong Kong TV Broadcasting and Mainland China Operations segments. The company maintained a dominant market share in Hong Kong’s TV viewership and advertising, while also expanding its digital media reach. Operating costs were reduced by 15% through strategic streamlining efforts, including channel mergers and downsizing of the e-Commerce business.
More about Television Broadcasts Limited
Television Broadcasts Limited is a leading company in the entertainment and information industry, primarily focusing on television broadcasting and digital media services. The company operates in Hong Kong and Mainland China, offering a range of TV-related services and digital media assets, including streaming services and co-production of drama series.
YTD Price Performance: 11.55%
Average Trading Volume: 816,178
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.58B
See more insights into 0511 stock on TipRanks’ Stock Analysis page.