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 operators 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 companys 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.