HKT revenue fall 5% in H1 on 42% decline in mobile handset sales

Saturday 12 August 2017 | 06:27 CET | News
Hong Kong operator HKT posted total revenue of HKD 15.6 billion for the six months ended 30 June 2017, which represents a decline of 5 percent year-on-year. Revenue was negatively impacted by lower revenue from mobile handset sales in the absence of marquee handsets during the period, the company said. Excluding mobile handset sales, total revenue was stable year-on-year at HKD 14.6 billion. 

Total EBITDA for the period was HKD 5.9 billion, up 2 percent over the same period in 2016, while profit attributable to holders of Share Stapled Units was HKD 2.3 billion, an increase of 3 percent year-on-year. Basic earnings per Share Stapled Unit was 31.57 HK cents. 

HKT's board of directors declared an interim distribution of 28.12 HK cents per Share Stapled Unit for the six months ended 30 June.

At 30 June, HKT's Mobile business had 3.1 million postpaid customers, an increase of 2 percent year-on-year. The number of prepaid customers declined. Revenue from handset sales of HKD 1 billion was down from HKD 1.7 billion a year earlier. This 42 percent decline was mainly due to the absence of marquee handsets in the market during the period, the company said.

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