HKT Trust and HKT (6823) saw its net profit edge up by 4 percent to HK$2.07 billion in the first half from a year ago, powered by robust businesses.
The telecommunication service provider also increased interim distribution by 2.7 percent to 33.8 HK cents per stapled unit.
Revenue from telecommunications services grew 4 percent to HK$12.5 billion, with local telecommunications income rising 5 percent to HK$8.71 billion, driven by an 8 percent increase in local data services. Mobile services revenue increased 5 percent to HK$4.19 billion, while total roaming revenue rose 7 percent due to the full recovery of international travel.
After the company's recent deleveraging and with the positive impact of the recent downward trend in local interest rates yet to be fully realized, the adjusted funds flow was expected to gain further momentum for the remainder of this year and beyond, said group managing director Susanna Hui Hon-hing.
Total earnings before interest, taxes, depreciation, and amortization rose 3 percent to HK$6.38 billion, boosted by efficiency improvements from artificial intelligence. Total revenue grew 3.9 percent to HK$17.3 billion, and adjusted funds flow increased by 3 percent.
HELEN ZHONG
