CSL’s six-month revenues up by 12%

23 Feb 2012

Hong Kong cellco CSL New World Mobility added 167,000 net new customers in the second half of 2011 (its fiscal first half of FY2011/12) to give it a total of 3.16 million 2G/3G/4G network subscribers. CSL increased its six-month revenues by 12% year-on-year to HKD3.496 billion (USD451 million) in July-December 2011, its Australian parent Telstra reported. EBITDA jumped by 48% year-on-year to HKD824 million in the six-month period, while operating profit (EBIT) more than doubled, growing 112% to HKD527 million. Half-yearly CAPEX was reduced by 16% to HKD130 million, mainly due to the high spend in the year-ago period to complete CSL’s integrated Long Term Evolution (LTE) and DC-HSPA+ network rollout.

Hong Kong, CSL (now part of HKT/PCCW)