HONG KONG, April 29, 2011 (GLOBE NEWSWIRE) -- City Telecom (H.K.) Limited ("The Group") (HKSE:1137) (Nasdaq:CTEL) is pleased to enclose our Interim Report for the six months ended 28 February 2011.
"With net profit up by 44.0% to HK$167.6 million and core EBITDA increased by 16.7% to HK$301.6 million, Talent is our key competitive advantage. Our Chairman, Mr. Ricky Wong said at the beginning of his statement, "First of all, I would like to thank my talented team for their hard work and their contribution to the splendid performance of our Group for 1H FY2011. In recent years, we have been much more assertive in Talent development and recruitment, and have devoted more resources to enhancing the "Superiority" of our Talent compared to our competitors. We hope and we are confident that our Talent are superior in all aspects, compared to others in the industry."
As for the Group's future development, he mentioned about Free TV business, "As for domestic Free TV, free TV business offers an opportunity for us to step into a new industry by, once again, changing the entire competitive landscape and the basic rules of the game; this time, by offering Free TV over our extensive Fibre network... We see Free TV as a long-term investment, and I sincerely wish our shareholders see eye to eye with us."
More details can be found in the Full Interim Report, which can be downloaded at :
English version: http://202.66.146.82/listco/hk/citytelecom/interim/2011/intrep.pdf
Chinese version: http://202.66.146.82/listco/hk/citytelecom/interim/2011/intrepc.pdf
About City Telecom/Hong Kong Broadband Network Limited
Established in 1992, City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) provides integrated telecommunications services in Hong Kong via its own self-built fibre network. City Telecom's wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is the fastest growing broadband service provider in Hong Kong. HKBN offers a diversified portfolio of innovative products that service over 1,110,000 subscriptions for broadband, local telephony and IP-TV. The Company has built a solid market position with top-of-the-line applications and practices enabling it substantial growth. The company takes great pride in developing its around 3,000 Talent force into a competitive advantage. Additional information on City Telecom can be found at www.ctigroup.com.hk