SmarTone’s profits rise 48% on 12% customer growth

22 Feb 2012

Hong Kong cellco SmarTone has announced interim fiscal results for the six months ended December 2011. Net profit for the half-year period increased by 48% to HKD475 million (USD61 million) on revenues that rose 83% to HKD5.06 billion, as mobile subscribers grew 12% year-on-year to 1.62 million. Service-only revenues climbed by 31% to HKD2.8 billion and handset/accessory sales more than doubled to HKD2.25 billion, while data service revenues expanded by 52%. Blended monthly ARPU reached a new high of HKD277, up by 15% year-on-year.

SmarTone’s Macau division reported operating profits of HKD42 million in the July-December 2011 period, up by 163% year-on-year, on revenues which rose by 35% to HKD179 million, as sales from both local and roaming services continued to increase. EBITDA of the Macau operation grew by HKD40 million year-on-year to HKD71 million.

Hong Kong, Macau, SmarTone, SmarTone Macau