Close

Not a member yet? Register now and get started.

lock and key

Sign in to your account.

Account Login

Forgot your password?

INTERIM RESULTS

20 Dec General

HCI reported a headline loss per share of 20,7c for the six months to September, compared with a headline loss of 10,1c per share in the same period last year. The larger loss is attributable, amongst others, to continuing losses from MIDI TV, which manages the e.tv television service. It is expected that losses will continue at MIDI TV for about another 18 to 24 months. However, the board is confident that in time MIDI TV will become a valuable asset. During the six months, e-tv’s viewership grew by another 10% and continues to grow monthly. Regulatory problems being experienced by e-tv are still a cause for concern, making it difficult to obtain capital from potential investors.

Source: Beeld