Hutchison Telecommunications Hong Kong Holdings ( (HK:0215) ) has issued an announcement.
Hutchison Telecommunications Hong Kong Holdings Limited reported a breakeven result for 2024, aided by strategic enhancements in roaming services and operational efficiencies. The company achieved a 112% improvement in profit attributable to shareholders, with net customer service revenue rising by 1% to HK$3,561 million. Despite a 2% decline in total revenue, driven by subdued hardware sales, the company’s EBITDA increased by 4% due to effective cost-saving initiatives. The significant growth in outbound roaming service revenue, surpassing pre-pandemic levels, offset the decline in local service revenue, positioning the company favorably in the market.
More about Hutchison Telecommunications Hong Kong Holdings
Hutchison Telecommunications Hong Kong Holdings Limited operates in the telecommunications industry, providing mobile and fixed-line services. The company focuses on delivering innovative connectivity solutions, with a significant emphasis on roaming services, which have been enhanced to cover regions such as Europe and the Middle East.
YTD Price Performance: 10.83%
Average Trading Volume: 1,110
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $613.8M
Learn more about 0215 stock on TipRanks’ Stock Analysis page.