[ET Net News Agency, 20 March 2017] Phoenix Satellite Television (02008) said its
profit attributable to owners for the year ended 31 December 2016 surged 108.9%
year-on-year to HK$230.5 million.
New media's investment in Particle Inc. had resulted in a substantial revaluation gain
in the current year which boosted profit at group level, said Phoenix TV.
Basic and diluted earnings per share were HK4.61 cents.
The revenue was HK$3,798 million, a decrease of 9.6% from a year earlier.
The proposed final dividend is HK1 cent (2015: HK1 cent) per share, payable on or around
30 June 2017.
Phoenix TV also said it is considering the feasibility of a proposed spin-off and
separate listing of Phoenix Metropolis Media Technology Company Limited, a subsidiary
engaged in the outdoor media business in the People's Republic of China, on the Shenzhen
Stock Exchange. (HL)
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IPO News
20/03/2017 10:15
Phoenix TV (02008) year net up 109% to HK$231m; div HK1 ct