trending Market Intelligence /marketintelligence/en/news-insights/trending/F6GWfBSn5jS1MH3_UcsiOQ2 content esgSubNav
In This List

Skyworth Digital profit misses consensus by 17.0% in fiscal H1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Skyworth Digital profit misses consensus by 17.0% in fiscal H1

Skyworth Digital Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 21 Hong Kong cents per share, compared with the S&P Capital IQ consensus estimate of 26 cents per share.

EPS decreased year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was HK$603.5 million, compared with HK$609.3 million in the year-earlier period.

Total revenue decreased 7.7% on an annual basis to HK$18.48 billion from HK$20.02 billion, and total operating expenses declined 7.3% on an annual basis to HK$17.90 billion from HK$19.31 billion.

Reported net income increased 14.6% from the prior-year period to HK$824.1 million, or 29 cents per share, from HK$718.9 million, or 26 cents per share.