Television Broadcasts net sinks 34pc amid advertising slump
Television Broadcasts, the city's biggest terrestrial broadcaster, said first-half profit fell 34 per cent year on year because of a slump in advertising revenue. For the six months to June, TVB recorded a net profit of HK$330 million against HK$503 million a year ago. Revenue slipped 15 per cent to HK$1.75 billion from HK$2.07 billion. An interim dividend of 25 HK cents per share will be paid, down from 30 HK cents a year ago. Bien Perez
Great Eagle profit jumps 293pc against last year's low base
Great Eagle Holdings said interim net profit surged 293.16 per cent to HK$510.75 million because of last year's low comparative base when it had a disposal loss. Counting only core business, profit rose 11.42 per cent to HK$570.6 million. Revenue fell 25.42 per cent to HK$1.82 billion. It declared an interim dividend of 17 HK cents per share, down from 20 HK cents a year ago. Fulton Mak
Economic growth may pass 10pc in first quarter, says research centre
China's economic growth may exceed 10 per cent in the first quarter of next year on a 'moderately loose' monetary policy, Ba Shusong, deputy director of the Development Research Centre, an affiliate of the State Council, said in an interview with the Shanghai Securities News. Bloomberg
