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.
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.