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HKTV Company Projects H1 2024 Loss Amid Growth

HKTV Company Projects H1 2024 Loss Amid Growth

Hong Kong Television Network (DE:XHN1) has released an update.

Hong Kong Technology Venture Company Limited has announced a projected unaudited loss of HK$25-30 million for the first half of 2024, a significant downturn from the profit reported in the same period of 2023, despite a 4.9% growth in Gross Merchandise Value and an increase in unique customers. The loss is attributed to early-stage New Venture project costs, non-cash items such as investment property valuation losses and foreign exchange losses, among others. Shareholders and potential investors are advised to await the finalized interim results due on 23 August 2024 before making any decisions.

For further insights into DE:XHN1 stock, check out TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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