Hong Kong broadcaster TVB’s net losses narrow by 21 per cent in first half of year owing to new e-commerce platform, growth in mainland China


Source: scmp.com scmp.com

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Hong Kong's biggest free-to-air television station TVB has posted a narrowing of net losses by 21 per cent to HK$224 million (US$28.5 million) in the first half of this year compared with the same period in 2021, owing to its newly acquired e-commerce platform and continued growth in mainland China. The broadcaster on Wednesday said it was confident about further improvements as the city's economy had continued to rebound amid eased Covid-19 rules, while forecasting an increase of at least 20 per cent in advertising income for the second half of the year in comparison to the same period last...