HKT and HKT ( (HK:6823) ) has provided an update.
HKT Limited announced its annual results for the year ended December 31, 2024, showcasing growth across its major business lines. The company reported a 1% increase in total revenue to HK$34,753 million and a 3% rise in EBITDA to HK$13,743 million, buoyed by efficiency improvements and AI applications. HKT’s enterprise business grew significantly, securing over HK$5 billion in new project wins, and expanding into mainland China, which contributed to a 37% revenue increase in this segment. The company continues to enhance its network infrastructure, including launching an 800G AI Superhighway service, and supports digital transformation across various sectors, positioning itself as a key player in the ongoing technological advancements.
More about HKT and HKT
HKT Limited, incorporated in the Cayman Islands, operates within the telecommunications industry, offering a comprehensive range of services including broadband, mobile, and enterprise solutions. The company is a market leader in broadband services with a focus on fiber-to-the-home connections and has recently enhanced its service offerings with advanced technologies targeting data centers, cloud, and AI service providers.
YTD Price Performance: 4.83%
Average Trading Volume: 19,925
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.53B
See more data about 6823 stock on TipRanks’ Stock Analysis page.