CSL’s EBITDA climbs 30% in fiscal year

23 Aug 2012

Hong Kong mobile operator CSL New World Mobility ended its financial year at 30 June 2012 with 3.468 million subscribers, up by 15.9% from 2.993 million one year earlier. For the twelve months to the end of June 2012 CSL’s revenues reached HKD6.890 billion (USD888 million), up by 10.0% from the HKD6.262 billion reported in FY 2010/2011. Operating expenses were 3.5% higher year-on-year at HKD5.1 billion, while operating profit (EBIT) leapt by 55.4% to HKD1.195 billion in FY12, up from HKD769 million in FY11. EBITDA climbed by 30.7%, from HKD1.370 billion to HKD1.790 billion. CAPEX was slightly lower in FY12 than the previous year, at HKD601 million (HKD609 million). CSL offers 2G, 3G and 4G services in Hong Kong, and is 76.4% owned by Telstra of Australia.

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