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Hong Kong’s HKT Reports Steep Rise In Revenue & Profit

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Hong Kong’s HKT Reports Steep Rise In Revenue & Profit

Hong Kong’s largest operator HKT has reported a steep rise in revenue and net profit last year, says the release from the company. The company’s overall revenue has surged 20% to HKD34.7 billion and the net profit increased 32% to HKD3.95 billion. The company’s recent acquisition of CSL unit and higher ARPU are the reasons cited for the growth.

profit

The mobile service revenue of HKT has expanded 34%, registering at HKD9.2 billion, while handset sales surged 148% to reach HKD5.1 billion. 71% of mobile service revenue for the year came from mobile data, which increased 40%. The IDD and roaming revenue accounted for 17% of the mobile revenue. Overall, the mobile revenue accounted for 41% of total revenue for the year.

HKT also showed an increase in its international telecom services revenue, marking an increase of 6% to reach HKD7.4 billion. The local data services revenue, comprising broadband network revenue and local data revenue, rose 4 per cent to HKD7 billion.

HKT’s EBITDA for 2015 rose 18% to HKD12.1 billion and the postpaid ARPU increased 5% to HKD230 at the end of December. CAPEX increased 21% to HKD3.05 billion.

On its subscriber base, the mobile subscribers fell 1% to 4.5 million. The postpaid users dropped 2% to 3.1 million and prepaid connections surged 2% to 1.4 million. The broadband subscribers stood steady at 1.57 million.

 

Ria Lakshman. V is a lead news writer at The Telecom Times. She studied Journalism at Manipal School of Communication and proceeded to work in newspapers and magazines, with technology as her focus area. Passionate about Telecommunications sector, her move to 'The Telecom Times' was a natural choice. Alongside, she also writes for Telecom Talk, where she covers news and tech commentaries in the sector of telecom. In the free time, Ria loves to go camping, read books, or sketch illustrations. She also runs a local design studio and promotes eco-friendly crafts. Ria can be found sharing her knowledge and insights on Twitter.

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