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3 Group grows FY EBIT 54%, reaches positive opg cash flow

Friday 28 February 2014 | 09:16 CET | News
Hutchison Whampoa's 3 Group reported EBITDA up 38 percent in 2013 to HKD 12.67 billion. Its EBITDA margin jumped to 27 percent from 21 in 2012. Revenues rose 6 percent to HKD 61.98 billion, with a 4 percent increase in local currencies and 9 percent growth in service revenue. Operating profit (EBIT) was up 54 percent to EUR 4.86 billion. The mobile operator also reached the milestone of positive operating cash flow, measured as EBITDA minus capex, at HKD 2.50 billion versus a negative HKD 2.13 billion in 2012. This followed a small drop in capex last year, to HKD 10.18 billion. The company's

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Categories: Mobile & Wireless
Companies: 3 Group / Hutchison Whampoa
Countries: Europe
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