City Telecom Announced Interim Results 2007
18 May 2007 - 10:27PM
PR Newswire (US)
HONG KONG, May 18 /Xinhua-PRNewswire-FirstCall/ -- Highlights: --
Return to profitability with profits attributable to shareholders
of HK$18.2 million -- Strong year-on-year improvement in EBITDA
margin increased from 18.8% to 33.5%, delivering 71.9% growth in
EBITDA to HK$188.2 million -- Fixed Telecom Network Services (FTNS)
turnover increased by 9.9% to HK$398.8 million, with subscriptions
grew by 25,000 to 641,000 -- New contract broadband blended average
revenue per user (ARPU) increased by 43% year-on-year to HK$175 per
month -- Basic earnings per share amounted to HK3 cents -- Declared
an interim dividend of HK4 cents per share City Telecom (HK)
Limited (SEHK:1137)(NASDAQ:CTEL) ('The Group') today announced
interim results of 2007 for the six months ended 28 February 2007.
During the period under review, the Group returned to profitability
with profits attributable to shareholders for 1H FY07 of HK$18.2
million, compared to a loss of HK$55.2 million for 1H FY06. Basic
earnings per share amounted to HK3 cents (2006 loss per share: HK9
cents). For the six months to 28 February 2007, EBITDA margin
increased from 18.8% to 33.5% year-on-year, delivering 71.9% growth
in EBITDA to HK$188.2 million. The Group's revenue has slightly
decreased by 3.6% year-on-year to HK$562.3 million with growth in
FTNS by 9.9% to HK$398.8 million being insufficient to cover the
25.9% decline in IDD to HK$163.5 million. FTNS is now our dominant
revenue component, contributing 70.9% of our total revenue. 'After
two challenging years, I am very pleased to announce that we
finally turned from loss to profit in 1H FY07. Trends on different
aspects on our business lines, such as number of subscribers,
Average Revenue Per User and EBITDA have all reported significant
growth or improvements this year. These results strengthened our
confidence, proving that our direction for development in the past
few years and for the future is on the right track,' Chairman of
the Group, Ricky Wong said. Additional information on City Telecom
can be found at http://www.ctigroup.com.hk/ . For enquiries, please
contact: Corporate Communications Jessie Cheng Tel: +852-3145-4118
Fax: +852-2199-8372 Email: Investor Relations Peggy Chan Tel:
+852-3145-6068 Fax: +852-2199-8655 Email: DATASOURCE: City Telecom
(HK) Limited CONTACT: Ms Jessie Cheng of City Telecom (H.K.)
Limited, +852-3145-4118, or Web Site: http://www.ctigroup.com.hk/
Copyright
Hong Kong Television Network Ltd. (MM) (NASDAQ:CTEL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hong Kong Television Network Ltd. (MM) (NASDAQ:CTEL)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Hong Kong Television Network Ltd. (MM) (NASDAQ): 0 recent articles
More City Telecom (H.K.) Limited ADS (MM) News Articles