PCCW net up 17% on mobile, cost-cutting

Robert Clark
16 Aug 2010
00:00

Hong Kong’s biggest telco, PCCW, has boosted half-year income by 17% on the back of lower costs and growth in mobile.

Group managing director Alex Arena attributed the result to the company’s quad-play strategy.

The mobile division boosted ebitda 17% despite flat revenue as it targeted PCCW’s high-end business customers and enjoyed a healthy 31% bump from mobile data.

The company announced a profit of HK$765 million ($98.3m) on 3% higher sales (excluding the property division) of HK$10.73 billion.

Analysts polled by Bloomberg had expected income of HK$694 million.

Cost of sales in the telecom group fell 9% and ebitda margin remained stable at 31%, the company said.

Ebitda for its residential and IDD businesses, which account for 77% of total sales, declined 1%, with local telephony revenue down 10%.

Related content

Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.