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HKT reports solid interim results

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Hong Kong – The directors of HKT Management Limited announced the unaudited consolidated results of the HKT Trust and of the Company together with the Company’s subsidiaries (collectively the “Group”) for the six months ended June 30, 2015. Some key figures are as follows:

  • Total revenue increased by 28% to HK$15,974 million
  • Total EBITDA increased by 30% to HK$5,770 million
  • Profit attributable to holders of Share Stapled Units increased by 27% to HK$1,778 million; basic earnings per Share Stapled Unit was 23.50 HK cents
  • Adjusted funds flow increased by 23% to HK$1,953 million; adjusted funds flow per Share Stapled Unit was 25.79 HK cents
  • Interim distribution per Share Stapled Unit of 25.79 HK cents

 

The solid financial results for HKT during the six months ended June 30, 2015 demonstrated the strong market position of all of HKT’s lines of business and the successful integration of CSL since the completion of the acquisition in May 2014.

The board of directors of the Trustee-Manager has resolved an interim distribution of 25.79 HK cents per Share Stapled Unit.

HKT Group Managing Director, Alex Arena, said, “HKT has built a fiber-rich fixed broadband network while our market-leading mobile network is also being dimensioned for higher speeds – we view this as a crucial success factor for the future of our business because consumers are increasingly bandwidth-hungry due to the continuing development of faster consumer devices and the emergence of more sophisticated applications. We have positioned ourselves as the one-stop-shop which can meet the various communication needs of our individual and business customers. Our continuous enhancement of user experience in both fixed and mobile services – 10G PON and the new Tap & Go mobile payment service being examples – will fuel further growth of these segments.”

“Meanwhile, we anticipate more synergies will be unlocked as we press on with the integration of CSL, as the enlarged mobile business marches into its second year of operation as Hong Kong’s leading mobile operator,” he said.

Arena said that, despite uncertainties in some advanced economies, HKT expected to continue to benefit from the growth in demand for international connectivity services, especially in emerging markets.

“Having grown at a modest pace this year, the Hong Kong economy looks set to face further uncertainties given the generally weak macro-conditions within the major global economies. Management will retain a cautious approach in our operations, but we are confident that our innovation and market-leading services will continue to give us a competitive advantage even in a challenging environment,” he said.