29th August 2026 – (Hong Kong)Sing Tao News Corporation Limited, the parent of Sing Tao Daily (stock code: 01105), reported a net loss of HK$45.615 million for the first half of the year, marginally wider than the HK$45.45 million loss a year earlier by HK$0.165 million, or 0.36 per cent. Basic loss per share was 5.18 cents and the board did not declare an interim dividend. The group has now posted losses for seven and a half consecutive financial years, with cumulative deficits exceeding HK$630 million. Ahead of the results on Friday, 28th August, the shares closed at HK$0.175, down 6.41 per cent, valuing the company at about HK$154 million.
The group recorded a pre‑tax loss of HK$45.589 million, which included depreciation charges of approximately HK$30.523 million on property, plant and equipment and HK$5.965 million on right‑of‑use assets, alongside a loss related to the deregistration of a subsidiary. Revenue fell 7.34 per cent year on year to HK$324 million, while gross profit declined 4.61 per cent to HK$90.276 million.
By revenue stream, advertising fell 9.19 per cent to HK$189 million, circulation dropped 10.57 per cent to HK$57.402 million, and content sales and news services decreased 14.63 per cent to HK$4.423 million. As at the end of June, the group employed about 1,007 staff, down 3.63 per cent from 1,045 at the end of December, reflecting continued cost tightening.
