City Telecom FY2011 Interim Report - Change the Rules of the Game
April 29 2011 - 7:31AM
City Telecom (H.K.) Limited ("The Group") (HKSE:1137) (Nasdaq:CTEL)
is pleased to enclose our Interim Report for the six months ended
28 February 2011.
"With net profit up by 44.0% to HK$167.6 million and core EBITDA
increased by 16.7% to HK$301.6 million, Talent is our key
competitive advantage. Our Chairman, Mr. Ricky Wong said
at the beginning of his statement, "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. In recent years, we have been much more assertive in Talent
development and recruitment, and have devoted more resources to
enhancing the "Superiority" of our Talent compared to our
competitors. We hope and we are confident that our Talent are
superior in all aspects, compared to others in the industry."
As for the Group's future development, he mentioned about Free
TV business, "As for domestic Free TV, free TV business offers an
opportunity for us to step into a new industry by, once again,
changing the entire competitive landscape and the basic rules of
the game; this time, by offering Free TV over our extensive Fibre
network... We see Free TV as a long-term investment, and I
sincerely wish our shareholders see eye to eye with us."
More details can be found in the Full Interim Report, which
can be downloaded at :
English version:
http://202.66.146.82/listco/hk/citytelecom/interim/2011/intrep.pdf
Chinese version:
http://202.66.146.82/listco/hk/citytelecom/interim/2011/intrepc.pdf
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 1,110,000 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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