Hutchison Telecommunications net profit climbs to HK$429m

Business | 28 Feb 2020 6:51 pm

Hutchison Telecommunications Hong Kong (0215) announced its net profit rose 6 percent year-on-year to HK$429 million in 2019.

The group recommends payment of a final dividend of 3.75 HK cents per share. Combined with the interim dividend of 2.93 HK cents per share, the annual dividend amounts to 6.68 HK cents, an increase of 6 percent compared with 2018. Earnings per share were 8.9 HK cents for 2019

The Group’s total EBITDA and EBIT increased by 4 percent and 16 percent to HK$1.201 billion and HK$393 million respectively against last year driven by stringent spending controls to improve operational efficiency, as of December 31, 2019.

Roaming service revenue, which accounted for 20 percent of the Group’s service revenue reported an 8-percent increase to HK$738 million. The Group’s total number of customers in Hong Kong and Macau was up by 12 percent to about 3.7 million.

The group will continue to focus on digital transformations to further enhance customer experience and engagement. The group will also continue collaborations with the members of the CKHH group as well as other partners, to unleash new digital services and Internet-of-Things solutions.

Also, the group contemplates to deploy advanced 5G technology and develop 5G network services.

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