PCCW’s telecoms profit up 32%

28 Feb 2012

Hong Kong’s PCCW has reported that its telecoms operations, under the HKT Trust unit it listed last November, achieved a 32% rise in net profit to HKD1.22 billion (USD157 million) in full-year 2011, on revenues that climbed by 7% to HKD19.82 billion. Consolidated annual EBITDA grew by 2% to HKD7.41 billion. Mobile revenues jumped 15% to HKD1.96 billion, fuelled by 3G subscriber growth of 59% to 1.06 million at end-December 2011, and a climb in monthly blended ARPU to HKD184 from HKD143 the previous year. Fixed network revenues grew 7% to HKD17.29 billion, with data/broadband services now representing 33% of the total.