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HKT Limited Achieves Strong Growth in 2024 with Advances in Broadband and 5G

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HKT Limited Achieves Strong Growth in 2024 with Advances in Broadband and 5G

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Pacific Century Regional Developments ( (SG:P15) ) just unveiled an update.

HKT Limited reported its annual results for the year ended December 31, 2024, highlighting its consolidated market leadership in broadband with 1.04 million FTTH connections and an 800G AI Superhighway service launch. The company saw a 25% increase in its 5G customer base, contributing to a 5% growth in mobile services revenue, while its enterprise business scaled with over HK$5 billion in new projects. Total revenue grew by 1% to HK$34,753 million, with a 3% increase in EBITDA due to efficiency improvements through AI applications. The profit attributable to shareholders rose by 2% to HK$5,070 million, with a total distribution per Share Stapled Unit of 78.80 HK cents.

More about Pacific Century Regional Developments

HKT Limited, incorporated in the Cayman Islands and managed by HKT Management Limited under HKT Trust, is a leading telecommunications company. It specializes in broadband services, including FTTH connections, and offers various mobile and enterprise services, with a focus on data centers, cloud, and AI service providers.

YTD Price Performance: 21.67%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $739.8M

See more data about P15 stock on TipRanks’ Stock Analysis page.

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