Brief: Hong Kong Television Network Says Net Loss Of Hk$155.4 Mln In 1H2019

Hong Kong Technology Venture Co

29/08/2019 05:57

Aug 29 (Reuters) - Hong Kong Television Network Ltd
 1137.HK :
    * NET LOSS OF HK$155.4 MILLION IN 1H2019 VERSUS LOSS OF
HK$139.9
MILLION IN 1H2018
    * SEES TO ACHIEVE EBITDA BREAKEVEN BY END OF 2021
    * HY TURNOVER HK$625.5 MILLION VERSUS HK$388.6 MILLION
    * FOR 2019 ECOMMERCE BUSINESS, SEES ANNUAL GMV ON ORDER
INTAKE TO
REDUCE FROM HK$3.2 BILLION TO HK$2.75 BILLION
    * ESTIMATES CURRENT UNFAVOURABLE BUSINESS ENVIRONMENT IS
MODERATING GROWTH MOMENTUM IN 2H2019

Source text for Eikon:  ID:nHKSKKmC6 
Further company coverage:  1137.HK 

 ((Reuters.Briefs@thomsonreuters.com;))