Television Broadcasts decrease profit growth target of this year to 7%

The management team of Television Broadcasts (0511) said as ad expenses of enterprises are decreased, the company has decreased profit growth target of this year from 11.5% to 7%, only HK$825ln to HK$840mln. As for Galaxy Satellite, the subsidiary of the company, Television Broadcasts said the company is in talks on introduction of investment with Europe and US strategic partners but reaches not agreement yet.

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