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.

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Categories: Mobile & Wireless
Companies: SmarTone
Countries: Hong Kong
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