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PCCW announce interim results

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

  • Core revenue increased by 25% to HK$17,983 million; consolidated revenue (including PCPD) increased by 23% to HK$18,082 million
  • Core EBITDA increased by 30% to HK$5,784 million; consolidated EBITDA (including PCPD) increased by 30% to HK$5,683 million
  • Consolidated profit attributable to equity holders of the Company increased by 1% to HK$1,070 million; basic earnings per share amounted to 14.39 HK cents
  • Interim dividend of 7.96 HK cents per ordinary share

 

PCCW registered a satisfactory result for the six months ended June 30, 2015 demonstrating the operational and financial resilience across all of our core business lines.

Core revenue for the six months ended June 30, 2015 increased by 25% to HK$17,983 million. Core EBITDA increased by 30% to HK$5,784 million. These results reflect the benefits of the successful integration of CSL since the completion of the acquisition in May 2014, the continued investment in new initiatives in our Media business and the steady growth in our Solutions business.

The board of Directors has resolved to declare an interim dividend of 7.96 HK cents per ordinary share for the six months ended June 30, 2015.

BG Srinivas, PCCW Group Managing Director, said, “The investments in the Media OTT video platform, the expanded suite of e-commerce solutions and the new mobile payment service have demonstrated the Group’s resolve to address the needs of consumers and enterprises as they embrace the digital lifestyle. We will continue on our journey to becoming the digital transformation partner of choice of our customers.”

He said the Media business continued to strengthen now TV’s content set with exclusive sports and other genres in its bid to maintain its leading position in Hong Kong’s pay-TV market, while developing new initiatives to provide extra momentum for growth.

PCCW Solutions would apply its enhanced capabilities and target industry segments in Hong Kong and mainland China that have the greatest need for enterprise IT solutions to enhance customer experience, drive new streams of revenue, increase automation and reduce costs, Srinivas said.

“On telecommunications, our continuous enhancement of user experience in both fixed and mobile services – such as the 10Gbps broadband and the mobile payment services – will fuel further growth of these segments,” he added.

 Srinivas said, “In the second half of 2015, the local economic outlook appears to stay modest and there are uncertainties affecting the pace of the global economic recovery. With our sound operational and financial metrics, PCCW Group is ready and well positioned for any challenges and opportunities that may arise.”

For further details of the 2015 interim results, please refer to the announcement that has been filed with the Stock Exchange of Hong Kong.