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TVB (00511.HK) Soars 4%, as 1H EBITDA Expected to Turn Positive
Recommend 26 Positive 12 Negative 36 |
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TVB (00511.HK) opened up 8.1% today (23 July), reaching an immediate market peak of $3.32 before narrowing gains in the morning. It last printed at $3.2, up 4.23%, on volume of 681,600 shares and turnover of $2.2061 million. TVB expects to have achieved positive EBITDA in the six-month period ended 30 June 2024, which would be a significant improvement from the EBITDA loss it incurred in the same period of 2023. The company, thus, has reiterated its expectation of achieving a significant positive EBITDA for the whole year of 2024. Furthermore, based on the current business momentum, it also expects to achieve a positive net profit attributable to the equity holders for the six-month period ended 31 December 2024 before extraordinary one-off items. AAStocks Financial News |
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