TVB announced its financial performance for the first half of 2023, with a loss of 0.185 billion Hong Kong dollars during the period, a significant decrease from the loss of 0.45 billion Hong Kong dollars in the same period last year. Its main businesses include terrestrial television broadcasting, OTT streaming, e-commerce business, business in China, and international business. Prepared in accordance with Hong Kong Financial Reporting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants, and reviewed by the review committee and audited by PricewaterhouseCoopers Hong Kong. TVB's revenue for the first half of 2023 was 1.513 billion Hong Kong dollars, slightly down from 1.56 billion Hong Kong dollars in the same period last year. During the period, TVB...Show More

TVB announced its financial performance for the first half of 2023, with a loss of 0.185 billion Hong Kong dollars during the period, a significant decrease from the loss of 0.45 billion Hong Kong dollars in the same period last year. Its main businesses include terrestrial television broadcasting, OTT streaming, e-commerce business, business in China, and international business. Prepared in accordance with Hong Kong Financial Reporting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants, and reviewed by the review committee and audited by PricewaterhouseCoopers Hong Kong. TVB's revenue for the first half of 2023 was 1.513 billion Hong Kong dollars, slightly down from 1.56 billion Hong Kong dollars in the same period last year. During the period, TVB's total expenditure decreased from 1.927 billion Hong Kong dollars in the same period last year to 1.622 billion Hong Kong dollars. As of June 30, 2023, TVB's total assets were 5.911 billion Hong Kong dollars, total liabilities were 3.382 billion Hong Kong dollars, and total equity was 2.528 billion Hong Kong dollars. TVB's current ratio is 1.1, and its debt-to-equity ratio is 65.9%. TVB does not recommend the distribution of interim dividends.