Hong Kong Television Network Limited provided earnings guidance for the year ended December 31, 2015. The board of directors of the company announced to inform shareholders of the company and potential investors that, based on the preliminary assessment of the group's unaudited consolidated management financial statements for the year ended December 31, 2015, the group is expected to record a significant increase of over 200% in its loss for the Year as compared to the sixteen months ended December 31, 2014. The increase in loss for the Year is mainly attributable to the impairment loss on certain assets resulting from the uncertainties on the media business; the increase in programme costs charged to the profit or loss over the showing period while the revenue from licensing of programme rights and net advertising income was not increased proportionally; and the e-commerce business was officially launched on February 2, 2015 and is still in its early investment stage to be financially material to the group.
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5-day change | 1st Jan Change | ||
1.74 HKD | +0.58% | +1.16% | -34.34% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-34.34% | 198M | |
+1.82% | 207B | |
-5.37% | 177B | |
+40.05% | 90.63B | |
-13.15% | 87.23B | |
+0.67% | 80.21B | |
+8.59% | 51.2B | |
+19.51% | 26.4B | |
+29.55% | 11.09B | |
-15.20% | 8.17B |
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- Hong Kong Television Network Limited Provides Earnings Guidance for the Year Ended December 31, 2015