City Telecom Announces Interim Results 2011
April 20 2011 - 6:53AM
City Telecom (H.K.) Limited ("The Group") (HKSE:1137) (Nasdaq:CTEL)
today announced interim results for the 6 months ended 28 February
2011. Financial performance for 1H FY2011 proves that the Group is
very much on track for higher profitability driven by Fixed
Telecommunications Network Service (FTNS) business, as well as
lower financial costs. The Group declared an interim dividend of
HK15 cents per ordinary share, up 131% from HK6.5 cents per
ordinary share for the same period last year.
Highlights :
- Net profit up 44.0% year-on-year to HK$167.6 million with basic
earnings per share amounted to HK$21.9 cents versus HK17.3 cents
for same period last year
- Declared an interim dividend of HK15 cents per ordinary share,
up 131% from HK6.5 cents per ordinary share for same period last
year
- Core EBITDA increased by 16.7% year-on-year to HK$301.6
million
- Turnover grew by 5.1% year-on-year to HK$825.9 million driven
by higher revenue contribution from our Fixed Telecommunications
Network Service (FTNS) business of 7.6% year-on-year to HK$727.2
million
- For six months to 28 February 2011, broadband subscription
increased by 25,000 net additions to 551,000, dominating 68% of
total estimated market growth of 37,000
Chairman of the Group, Mr. Ricky Wong ("Mr. Wong"), said, "First
of all, I would like to thank my talented team for their hard work
and their contribution to the splendid performance of our Group for
1H FY2011. I expect that the financial performance for 2H FY2011
will be equally satisfactory."
For full press release, please visit
http://reg.hkbn.net/ctigroup_admin/files_upload/110420_FY11_PR_E.pdf
Note to Editors
Webcast and replay for analyst presentation can be viewed at
www.ctigroup.com.hk. Materials of this interim results
announcement, such as presentation slides and press release can
also be found at the above website.
About City Telecom/Hong Kong Broadband Network
Limited
Established in 1992, City Telecom (H.K.) Limited (HKSE:1137)
(Nasdaq:CTEL) provides integrated telecommunications services in
Hong Kong via its own self-built fibre network. City Telecom's
wholly-owned subsidiary, Hong Kong Broadband Network Limited
(HKBN), is the fastest growing broadband service provider in Hong
Kong. HKBN offers a diversified portfolio of innovative products
that service over 1,100,000 subscriptions for broadband, local
telephony and IP-TV. The Company has built a solid market position
with top-of-the-line applications and practices enabling it
substantial growth. The company takes great pride in developing its
around 3,000 Talent force into a competitive advantage. Additional
information on City Telecom can be found at www.ctigroup.com.hk
CONTACT: Corporate Communications
Jessie Cheng
Tel: +852 3145 4118
Fax: +852 2199 8372
Email: chengcm@ctihk.com
Investor Engagement
Peggy Chan
Tel: +852 3145 6068
Fax: +852 2199 8655
Email: investor_engagement@ctihk.com
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