HTHKH improves 6M revenues by 12%

2 Aug 2012

Hutchison Telecommunications Hong Kong Holdings (HTHKH), the holding company for Hutchison’s Hong Kong and Macau mobile and fixed network operations under the ‘3’ banner, has reported that its consolidated turnover grew by 12% year-on-year to HKD6.730 billion (USD868 million) in the first six months of 2012. Revenues from the mobile business increased 15% to HKD5.241 billion, while sales at the fixed line division rose 4% to HKD1.725 billion, and overall EBITDA grew 16% to HKD1.446 billion. Net profit attributable to shareholders of the company in January-June 2012 climbed 15% to HKD568 million.

Hutchison said that persistent demand for smart devices continued to boost its hardware revenue, which increased by 34% from the HKD1.874 billion reported in the first six months of 2011 to HKD2.509 billion in H1 2012. Its mobile services revenue (excluding equipment sales) reached HKD2.732 billion in the six months to 30 June 2012, of which local and roaming data revenue accounted for 58%. At the end of the six-month period Hutchison claimed 3.64 million total mobile customers, up from 3.35 million a year earlier, while 3G and 4G users reached 2.87 million, or 79% of the subscriber base. 58% of 3G and 4G Hutchison post-paid users in Hong Kong were using smart devices at mid-2012, the firm added, a figure which rose from 49% in June 2011.