HKT Trust and HKT ( (HKTTF) ) has released its Q4 earnings. Here is a breakdown of the information HKT Trust and HKT presented to its investors.
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HKT Trust and HKT Limited, a leading telecommunications provider in Hong Kong, has reported its financial results for the year ended December 31, 2024. The company is known for its broadband and mobile services, and has recently focused on expanding its AI-enabled services and digital infrastructure.
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, driven by efficiency improvements and the deployment of new AI applications. Key growth areas included a 25% increase in their 5G customer base and an 8% rise in enterprise business revenue, contributing to a 5% growth in mobile services revenue.
Strategically, HKT has advanced its fibre and mobile service offerings, with FTTH connections reaching 1.04 million and significant expansions in 5G technology. Their enterprise segment, particularly in mainland China, achieved a 37% revenue growth, bolstered by significant project wins. The company also reported a steady rise in consumer engagement through its loyalty program, The Club.
Looking ahead, HKT plans to continue investing in network infrastructure and digital solutions to support ongoing growth and navigate economic challenges. The management remains optimistic about future opportunities in both local and international markets, leveraging its strong financial position and strategic initiatives.
