TeleGeography Logo

SmarTone near-triples net profit in fiscal first half

24 Feb 2011

Hong Kong cellco SmarTone has reported a net profit of HKD321 million (USD41 million) for the six months ended 31 December 2010, up from HKD111 million a year earlier, on total revenues that increased by 52% year-on-year to HKD2.76 billion, with 29% growth in service revenue. The upsurge in earnings was driven by strong growth in both customer volume and ARPU, helping the company’s EBITDA for its fiscal first half-year rise by 78% to HKD921 million. Customer numbers increased by 17% year-on-year in a very competitive market to reach 1.44 million at end-December 2010, of which over 70% were post-paid. Average post-paid churn rate improved to 1.3% from 1.5% in the same period of 2009, whilst blended monthly ARPU increased by 12% to HKD241, driven principally by data services. Post-paid ARPU registered an increase of 16%. Data service revenue increased by 81%, and represented 46% of service revenue in July-December 2010, driven by increasing customer adoption of smartphone-based data services, mobile broadband including access via tablet computers, and wireless fixed broadband delivered over SmarTone’s cellular 3.5G network.

Hong Kong, SmarTone

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.

TeleGeography

TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.