Tom.com Hits First Profit

August 14, 2003 | Print | Email Email | Comments | Category: Internet



    Li Ka-shing's multi-media investment firm recorded a first-ever net profit in the second quarter, driven by strong growth in its Internet-related business.

    In turn, Tom.com saw its first-half net loss narrow 74 per cent to HK$32.67 million. Last month, Tom.com said it would buy a stake in loss-making China Entertainment Television (CETV) in Guangdong for US$6.8 million (HK$53.04 million) in shares plus a funding commitment of US$30 million for a 30-month period.

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