Hong Kong – PCCW Limited reported the audited consolidated results of the company and its subsidiaries for the year ended 31 December 2009. “Against a backdrop of economic downturn, intense market competition and adverse regulatory decisions, the Company recorded a satisfactory performance in 2009,” said PCCW in a statement. Consolidated profit attributable to equity holders of the Company for the year ended December 31, 2009 jumped 18% to HK$1,506 million. Core EBITDA for the year ended December 31, 2009 remained firm at HK$6,718 million, with core EBITDA margin improving to 32% in 2009 from 31% in 2008, even though core revenue for the year decreased by 5% to HK$20,855 million. Consolidated revenue including PCPD was HK$25,077 million, reflecting significantly lower revenue recognition from the Bel-Air property development project during the year. Group Managing Director Alex Arena said, “Following the successive turnarounds of the mobile business in 2007 and the TV & content business in 2009, all our quadruple-play segments are now contributing positive EBITDA and represent a solid platform for further development.” “Our market position has consolidated and is secure. We believe that as the economic conditions improve, we are well poised for growth across the business as a whole,” he said.