[ET Net News Agency, 22 March 2018] Television Broadcasts Limited (TVB) (00511) said
its profit attributable to equity holders for the year ended 31 December 2017 dropped
51.3% year-on-year to HK$244 million.
Basic and diluted earnings per share were HK$0.56.
Revenue from continuing operations amounted to HK$4,336 million, an increase of 2.98%
from a year earlier.
TVB said its results were adversely affected by the termination of the share buy-back
offer, including the opportunity loss for better interest yield as a result of setting
aside the cash outlays for the offer amounting to HK$4,209 million in a segregated bank
account during the one-year period from 24 January 2017 to 23 January 2018; and the
write-off of professional fees incurred for this aborted transaction of HK$29 million in
the income statement for the year.
Profit attributable to equity holders from continuing operations amounted to HK$244
million, down 43.2% year-on-year.
The proposed final and special dividends are HK30 cents (2016: nil) and HK70 cents
(2016: nil) per share, payable on 12 June. (HL)