Hong Kong's CTF Media H1 revenue falls, net loss widens on telecom weakness

CTF Media & Entertainment

27/08/2026 15:30

Overview
Hong Kong media and telecom firm's H1 revenue fell 12% yr/yr due to lower telecom sales
Net loss for H1 widened yr/yr amid higher finance costs and impairment losses
Media segment revenue rose 7% on stronger advertising sales; telecom revenue dropped about 21%

Outlook
Company did not provide specific financial guidance for the current qtr or full yr

Result Drivers
TELECOM REVENUE DROP - Co said telecom segment revenue fell due to lower subscription, IP trading and leasing, and entrusted work revenue from a major customer
ADVERTISING SALES - Media segment revenue rose on increased advertising sales production revenue
HIGHER FINANCE COSTS & IMPAIRMENTS - Increased finance costs and impairment losses contributed to wider net loss

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$244.4 mln
 
H1 Net Loss Attributable
 
HK$276.5 mln
 

Reuters Recommended Reads
Aug 25 - Hong Kong's TVB Ltd half-year revenue falls on weaker China operations
Aug 27 - Hong Kong's Transtech Optelecom H1 revenue rises sharply on higher optical fibre sales
Aug 26 - China Communications Services interim revenue falls 3.2%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)