0
Wireless

SmarTone's 6-month profit plunges 20% on declining handset business, roaming services

Wednesday 19 February 2020 | 14:15 CET | News
Hong Kong operator SmarTone posted group profit of HKD 256 million for the six months ended 31 December 2019, which represents a decline of 20 percent year-on-year. The decrease was mainly due to lower profitability in the handset business, a substantial decline in inbound roaming due to the significant fall in visitors, and higher depreciation resulting from investments in mobile infrastructure and IT systems in the prior period, the company said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: SmarTone
Countries: Hong Kong
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SmarTone expects 30% FY profit drop on declining roaming revenues

Published 30 Apr 2020 10:28 CET | Hong Kong
Hong Kong operator SmarTone has announced it expects to see a "substantial decline" in profit of around 30 percent for the year ...

SmarTone launches 'Be a SmarTizen' digital intelligence programme

Published 12 Feb 2020 08:36 CET | Hong Kong
Hong Kong operator SmarTone has launched a digital intelligence project dubbed 'Be a SmarTizen'. The Programme covers the launch ...

SmarTone demos new 5G applications with start-ups

Published 21 Jan 2020 15:51 CET | Hong Kong
SmarTone announced the collaboration with start-ups at the SmarTone 5G Innovation Hub on a new wave of 5G live demos. In ...

Hong Kong regulator announces successful bidders of 3.5 GHz spectrum auction

Published 17 Jan 2020 10:39 CET | Hong Kong
Hong Kong's Office of the Communications Authority (OFCA) has announced that China Mobile Hong Kong, Hong Kong Telecommunications ...

SmarTone starts offer for Samsung 5G Galaxy Pass smartphone

Published 13 Jan 2020 12:31 CET | Hong Kong
Hong Kong operator SmarTone launched the Samsung 5G Galaxy Pass promotional offer, which will run until 28 February. Customers ...

SmarTone's customer base grows 10% to 2.2 million

Published 14 Feb 2018 08:24 CET | Hong Kong
Customer migration from handset bundled plans to SIM-Only plans masked a better underlying trend in revenue as there was a ...

SmarTone fined for breaching Unified Carrier Licence in Hong Kong

Published 02 Feb 2018 01:41 CET | Hong Kong
Hong Kong's Office of the Communications Authority (OFCA) has found that SmarTone had been operating radio base stations without ...

SmarTone's FY profit drops 16%, group revenue plunges 53%

Published 31 Aug 2017 09:00 CET | Hong Kong
The operator's customer base grew by 4 percent to 2.06 million. During the period, churn rate was 1 percent and mobile postpaid ...





Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Crown Castle Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Elisa Q4 2021
27 Jan Comcast Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan Charter Communications Q4
::: More Calendar Items