The directors of HKT Management Limited (in its capacity as the trustee-manager of the HKT Trust) and HKT Limited are pleased to announce the unaudited consolidated results of the HKT Trust and of HKT Limited together with HKT Limited’s subsidiaries for the six months ended June 30, 2012. Some key figures are as follows:
- Total revenue increased by 2{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$9,715 million
- Total EBITDA increased by 3{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$3,736 million
- Profit attributable to holders of Share Stapled Units increased by 45{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$778 million; basic earnings per Share Stapled Unit was 12.13 HK cents
- Adjusted funds flow for the period was HK$1,430 million; adjusted funds flow per Share Stapled Unit was 22.29 HK cents
- Interim distribution per Share Stapled Unit of 20.06 HK cents
During the first half of 2012, HKT delivered a solid performance across all its business segments, highlighted by the fast-growing fiber broadband and mobile businesses, resulting in a strong set of financial results that showed growth in revenue, EBITDA, net profit and most importantly, adjusted funds flow.
Adjusted funds flow (AFF) for the six months ended June 30, 2012 was HK$1,430 million, which represented 56{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} of the forecast of HK$2,574 million for the 12 months ending December 31, 2012 as provided in HKT’s global offering prospectus.
Based on an assumption of achieving the AFF forecast for 2012 and the closing price of the Share Stapled Units of HKT as at August 9, 2012, the yield to be paid to unitholders would be a healthy 6.4{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10}.
HKT’s Group Managing Director, Mr. Alex Arena, said, “We will continue to invest to support the steady demand for our high-speed fiber broadband and wireless services as well as continually improving our customer service and level of customer engagement. Barring any unforeseen circumstances, we remain confident that we will meet the forecasts for 2012.”
“The price of the Share Stapled Units of HKT Limited and the HKT Trust has held up well relative to the overall volatility in the stock market, and we will continue to strive to enhance the value of the HKT units,” he said.
For further details of the 2012 interim results, please refer to the announcement that has been filed with the Stock Exchange of Hong Kong.
