Hutchison’s SARs revenues surge 46 pct in 2015 Hutchison

Telecommunications Hong Kong Holdings Ltd saw revenues generated from its mobile business in Hong Kong and Macau soar by 46 per cent year-on-year to HK$18.5 billion (US$2.3 billion) for last year, according to its filing with Hong Kong Stock Exchange yesterday.
For the whole year of 2015, the Hong Kong-listed telecommunications operator generated a profit (EBITDA) of HK$1.64 billion from mobile business in the two Special Administrative Regions, which is a jump of 9 per cent compared to the same period of last year.
External customers in Hong Kong brought the group revenues of some HK$20.9 billion, which increased by 34 per cent year-on-year from HK$15.6 billion. In addition, revenues from external customers in Macau soared by 60.5 per cent year-on-year to HK$1.14 billion.
According to the filing, the company was serving a total of three million customers in Hong Kong and Macau as last year-end, of which nearly half were post-paid customers.
Meanwhile, total net profit of the telecommunication operator totalled HK$915 million for 2015, which is a year-on-year increase of 10 per cent from HK$833 million in 2014. Moreover, total revenues earned from the Group surged by 35 per cent year-on-year to HK$22 billion.
However, the operator’s fixed-line business in Hong Kong posted a year-on-year decrease of 3 per cent in revenues, amounting to HK$3.97 billion compared to HK$4.1 billion one year ago. Hutchison explained that the drop was due to a five-percent reduction in revenue in the international and local carrier market, as well as a seven-percent fall in the residential market.
Profit (EBITDA) of the company’s fixed-line service sector thus declined by 3 per cent year-on-year to HK$1.27 billion for 2015, the operator said in the filing.