The directors of PCCW Limited (“PCCW” or the “Company”) are pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively the “Group”) for the six months ended June 30, 2012. Some key figures are as follows:
- Core revenue increased by 1{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$11,058 million; consolidated revenue (including PCPD) decreased by 2{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$11,906 million
- Core EBITDA increased by 4{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$3,670 million; consolidated EBITDA (including PCPD) increased by 2{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$3,836 million
- Consolidated profit attributable to equity holders of the Company increased to HK$836 million; basic earnings per share amounted to 11.51 HK cents
- Interim dividend of 5.51 HK cents per ordinary share declared
PCCW delivered sound financial results for the first half of 2012, underpinned by the solid performance of the telecom business and moderate growth in the media and IT solutions businesses.
Core profit attributable to equity holders, after accounting for about 37{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} non-controlling interest in HKT Limited and the HKT Trust (“HKT”) following HKT’s listing, increased by 6{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} to HK$825 million. Assuming that about 37{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} non-controlling interest in HKT had applied in the first half of 2011, core profit attributable to equity holders would have increased by 92{e1f18614b95d3cd6e4b3128e1cd15d99b042a60a5a19c19b7a8e07e7495efa10} instead.
Mr. George Chan, PCCW’s Group Managing Director, said HKT was well positioned to benefit from the increasing demand for high speed data connections, while the media business would strive to further enhance ARPU by providing premium, exclusive content.
“With our own production and co-production, we are building a library with content that can be distributed to overseas Chinese markets. Moreover, the media business will further leverage the technology capabilities within the Group to expand its customer reach by providing multi-screen viewing options and apps,” he added.
Mr. Chan said the IT solutions business would look to maintain and expand its leadership position in Hong Kong and review opportunities arising from the growing demand for data center services and the increasing adoption of cloud computing.
“Management will pay close attention to macro-economic developments. We are cautiously optimistic about PCCW’s outlook in the second half barring any unforeseen circumstances,” 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.
