TVB boosts profit 48pc to HK$1.3b

PUBLISHED : Wednesday, 30 March, 2011, 12:00am
UPDATED : Wednesday, 30 March, 2011, 12:00am

Television Broadcasts, the top free-to-air terrestrial television broadcaster in Hong Kong, saw its net profit rise 48 per cent last year as revenue grew from all its major business segments, including advertising and programme licensing. The company posted a net profit of HK$1.33 billion, up from HK$900 million in 2009. Revenue rose 17 per cent to HK$4.67 billion from HK$3.98 billion amid an improvement in the economy. TVB said it aimed to expand the reach of its tvb.com operation overseas on a paid-subscription model.