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1097 — CTF Media & Entertainment News Story

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

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


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%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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