PCCW H1 turnover up 7%; profit rises 3%

29 Aug 2007

Hong Kong-based fixed line, mobile and broadband provider PCCW’s first half 2007 net profit rose 3% year-on-year to HKD822 million (USD105 million) from HKD796 million a year ago, driven by a 7% year-on-year increase in revenue from telecoms businesses to HKD9.51 billion. The figures were supported by a return to revenue growth from its local data and international calls businesses, whilst sales from fixed line operations were stable at HKD2.3 billion. Earnings before interest, taxation, depreciation and amortisation (EBITDA) from telecoms operations rose 4% year-on-year to HKD3.07 billion. PCCW’s NOW broadband IPTV service increased its subscribers by 35% year-on-year to 818,000 at the end of June 2007.

Hong Kong, HKT (incl. CSL), PCCW Group