HTIL reverses last year’s 1Q loss

6 May 2008

Hutchison Telecommunications International Limited (HTIL) today announced its unaudited performance indicators for the quarter ended 31 March 2008, including consolidated profit attributable to equity holders of HKD310 million (USD40 million), compared with a like-for-like loss of HKD236 million for the same period last year. The Hong Kong-based group’s total customer base reached just over ten million at the end of March, up by 6.2% quarter-on-quarter, helped by rises of 14.3% (to 2.3 million) in Indonesia and 13% (to 1.3 million) in Sri Lanka. The figures exclude Ghana, where HTIL has just agreed a sale of its mobile operations, and Vietnam, where it has scrapped plans for further CDMA growth and began building a GSM network earlier this year. Other highlights included a 6.1% quarter-on-quarter growth in HTIL’s Hong Kong 3G mobile subscriber base to 1.145 million, and a 19% rise in its Israeli 3G base to 753,000.