City Telecom Announces Annual Results 2011; Net Profit Up 44.7% to HK$313.9 Million
November 08 2011 - 5:29AM
City Telecom (H.K.) Ltd. ("The Group") (HKSE:1137) (Nasdaq:CTEL),
today announced annual results for the 12 months ended 31 August
2011 (FY2011). FY2011 is the 19th year in operation for the Group,
and another record year for its performance.
"The Group's FTNS business has entered into a stable growth
stage. Key performance indicators for this year, including net
profit, subscription growth and network coverage expansion have all
met our expectations. We will work very hard to sustain the growth
momentum," Mr. Ricky Wong, Chairman of the Group said.
Highlights:
- Net profit up 44.7% to HK$313.9 million and EBITDA up 26.6%
year-on-year to HK$594.1 million
- Total turnover grew by 6.8% year-on-year to HK$1,681.5
million
- Outstanding performance in Fixed Telecommunications Network
Services ("FTNS") business
- Declared HK15 cents final cash dividend per ordinary share
(FY2010: HK13.5 cents per ordinary share) bringing total dividend
per ordinary share to HK30 cents for FY2011 (FY2010 : HK20 cents
per ordinary share)
For Webcast of Analyst Presentation and full details of our
Annual Results, please click
http://ir.ctigroup.com.hk/eng/ir/results.php
For the full Press Release with Appendix, please download
at:
http://reg.hkbn.net/ctigroup_admin/files_upload/PR_FY2011Results_E.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 1,240,000 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 over 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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