Earnings release
Page 1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . Television Broadcasts Limited 電視廣播 有限公司 ( Incorporated in Hong Kong with limited liability ) Stock Code : 00511 ANNOUNCEMENT OF 2021 INTERIM RESULTS RESULTS HIGHLIGHTS For the six months ended 30 June 2021 ( the “ Period ” ) : Total revenue of the Group increased from HK $ 1,226 million to HK $ 1,248 million , an increase of 2 % , mainly due to a 31 % increase in advertising income from Hong Kong TV Broadcasting . Total costs decreased from HK $ 1,646 million to HK $ 1,597 million , a reduction of 3 % . Adjusted EBITDA improved from negative HK $ 210 million to negative HK $ 140 million . Loss attributable to equity holders of the Company was HK $ 284 million ( 2020 : Loss of HK $ 293 million ) . Loss per share was HK $ 0.65 ( 2020 : Loss per share of HK $ 0.67 ) . Excluding the wage subsidies under the Government's Employment Support Scheme of 2020 ' , the loss attributable to equity holders of the Company improved by HK $ 43 million or 13 % . No interim dividend was declared by the Board ( 2020 : nil ) . BUSINESS HIGHLIGHTS • Advertising income from Hong Kong TV Broadcasting reported an encouraging 31 % increase from HK $ 351 million to HK $ 460 million . TVB's five digital channels , in aggregate , averaged a prime time rating of 25.2 TVRs , representing a 78 % audience share against all channels in Hong Kong , which was significantly higher than all other domestic free TV operators . TVB maintained a substantial lead in the market with its 85 % audience share in young audience group and 88 % audience share among the high income group . 1 Wage subsidies under the Government's Employment Support Scheme of 2020 of HK $ 34 million were booked . 1