City Telecom Announces 6-Months to 28 February 2005 Interim Results
2005年5月17日 - 7:26PM
PRニュース・ワイアー (英語)
City Telecom Announces 6-Months to 28 February 2005 Interim Results
-- As of 28 February 2005, triple-play subscription base of
524,000, consisting of 282,000 voice, 203,000 broadband and 39,000
IP-TV -- Achieved position as largest alternative residential voice
and broadband provider in Hong Kong, within 5 years of Fixed
Telecom Services Network license grant -- Total Revenue up 1%
year-on-year to HK$576 million. FTNS revenues up 25% year-on-year
to HK$311 million. FTNS now 54% of total revenues and 61% of gross
profits -- Net loss of HK$32 million versus HK$35 million net
profit for same period last year City Telecom (HK) Limited ("The
Group") today announced the interim results of 2005 for the six
months ended 28th February 2005. These results marked our first
reporting period whereby Fixed Telecom Network Services (FTNS)
revenues have overtaken International Telecom (IDD) revenues.
Within five years of receiving our FTNS license, City Telecom is
now established as the largest alternative provider of residential
voice and broadband services in Hong Kong. In April 2005, we
launched our new 1Gbps residential broadband service. This service
is backed by a branding campaign that features Liu Xiang, China's
first male Olympic Track and Field Gold medalist. In the Global
Information Communications Technology (ICT) industry, City
Telecom's commercial launch of mass market symmetric 100 Mbps
(bb100) service and symmetric 1,000 Mbps (bb1000) service puts Hong
Kong into Gold class status. The next 12-24 months will require
substantial investment in operating expenditure for brand
enhancement and subscriber acquisition, as well as capital
investment for network expansion. In addition to our established
residential position, we will also be assertive in our expansion
into the corporate and mobile carrier backhaul segments. Our HK$975
million senior notes issue completed in January 2005, together with
internally generated cash flows, fully funds our growth roadmap
towards 1.8 million homes pass, 80% of Hong Kong's total homes. "At
City Telecom, we firmly subscribe to Liu Xiang's philosophy of 'If
I am not capable, I will not try, but if I can, why don't I seize
the opportunity?' We strongly believe that the one who runs in
front of oneself, is the one who writes history," said Mr Wong.
Full press release can be accessed at our web site
http://www.ctihk.com.hk/ . For Media enquiries: Jessie Cheng Tel:
+852-3145-4118 Email: For Investor Relations: NiQ Lai Tel:
+852-3145-4710 Email: DATASOURCE: City Telecom (HK) Limited
CONTACT: For media, Jessie Cheng, +852-3145-4118, or , or for
investors, NiQ Lai, +852-3145-4710, or Web site:
http://www.ctihk.com.hk/
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