HKT revenues up 14%

6 Aug 2013

PCCW’s core telecoms unit HKT has published its results for the six months ended 30 June 2013, showing consolidated revenues rose 14% year-on-year to HKD11.071 billion (USD1.427 billion). The fixed network division’s revenue for the six-month period increased by 14% y-o-y to HKD9.630 billion, and fixed line EBITDA rose by 2% to HKD3.522 billion, although the H1 EBITDA margin slipped from 41% the previous year to 37% as a result of ‘a shift in the mix of revenues generated during the period’, the group reported. HKT’s mobile business achieved a 20% year-on-year increase in revenue to HKD1.360 billion in January-June 2013, as a focus on higher-value mobile customers drove ARPU up by 13% to HKD209 from HKD185 a year earlier. Mobile subscribers increased by 3% y-o-y to 1.652 million, while mobile EBITDA increased by 29% to HKD441 million, with the margin improving to 32% from 30%, as HKT said it benefited from cost advantages of its integrated fixed-mobile network infrastructure. HKT’s consolidated (fixed/mobile/other operations) EBITDA increased by 3% year-on-year to HKD3.839 billion for the first six months of the year, in which it invested CAPEX of HKD1.015 billion (1H12: HKD852 million). Profit attributable to holders of Share Stapled Units/shares of the company for the six-month period increased by 53% year-on-year to HKD1.189 billion.