HONG KONG: tom.com, the Hong Kong media conglomerate backed by Asia’s richest man Li Ka-shing, has reported a lower net loss for 2002 and expressed hope that recent talks on a Chinese television venture with AOL Time Warner Inc would bear fruit.
For its 2002 fiscal year, the former Internet start-up posted a net loss of HK$410mil compared with a HK$636mil loss in 2001. The 2002 loss included a HK$197mil provision for goodwill related to some of the company’s early acquisitions.
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