According to the Zhitong Finance App, China's Xinhua TV (08356) announced the results for the three months ended June 30, 2023, with a profit of HK$116.6 million, a year-on-year decrease of 6.6%; loss attributable to company owners of HK$3.869 million, a year-on-year decrease of 8.7%; and a basic loss of HK0.10 cents per share.
The decrease in net loss during the period was mainly due to reduced financial costs.