Annual Results Announcement for the Year Ended 31 December 2019
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 華 誼 騰 訊 娛 樂 有 限 公 司 Huayi Tencent Entertainment Company Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 419) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2019 HIGHLIGHTS 2019 2018 HK$’000 HK$’000 Continuing operations: Total revenue 99,326 109,168 Gross profit 39,011 38,214 Loss before net finance costs and taxation (27,384) (66,314) Loss for the year from continuing operations (28,770) (66,455) Profit for the year from discontinued operation — 140,763 (Loss)/profit for the year (28,770) 74,308 . Loss for the year from continuing operations narrowed down by 57% to approximately HK$28,770,000 (2018: HK$66,455,000), due to the significant decrease in provision for impairment and net exchange losses, together with the strong financial performance of HB Entertainment Co., Ltd. (‘‘HB Entertainment’’), a 31%-owned associate of the Group, during the year. ‘‘Beautiful Love, Wonderful Life’’, a production of HB Entertainment, topped the national viewership ranking for seven consecutive weeks between November and December 2019, recording the highest national viewership at 28.3% in 2019. The final episode aired in March 2020 reached the highest national viewership at 31.5%, and is deservingly hailed as one of the most popular Korean television dramas in 2019.
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