HKT sees 2% drop in sales in 2017

7 Feb 2018

PCCW Group’s Hong Kong telco business HKT has reported a 2% drop in turnover for the twelve months ended 31 December 2017, to HKD33.3 billion (USD4.3 billion). The decrease was attributed to a lower revenue contribution from mobile handset sales. EBITDA was up 2%, however, at HKD13.0 billion, while net profit for the year climbed 4% to HKD5.1 billion.

In operational terms, HKT had 4.41 million mobile subscribers at the end of 2017, down from 4.51 million a year earlier, while the number of total broadband access lines rose from 1.57 million to 1.59 million over the same period. Fixed telephone connections fell by 10,000, to 2.64 million.

Hong Kong, HKT (incl. CSL)