City Telecom Announces Annual Results 2011; Net Profit Up 44.7% to HK$313.9 Million

 | Source: Hong Kong Television Network Limited Hong Kong Television Network Limited

HONG KONG, Nov. 8, 2011 (GLOBE NEWSWIRE) -- City Telecom (H.K.) Ltd. ("The Group") (HKSE:1137) (Nasdaq:CTEL), today announced annual results for the 12 months ended 31 August 2011 (FY2011). FY2011 is the 19th year in operation for the Group, and another record year for its performance.

"The Group's FTNS business has entered into a stable growth stage. Key performance indicators for this year, including net profit, subscription growth and network coverage expansion have all met our expectations. We will work very hard to sustain the growth momentum," Mr. Ricky Wong, Chairman of the Group said.

Highlights:

  • Net profit up 44.7% to HK$313.9 million and EBITDA up 26.6% year-on-year to HK$594.1 million
  • Total turnover grew by 6.8% year-on-year to HK$1,681.5 million
  • Outstanding performance in Fixed Telecommunications Network Services ("FTNS") business
  • Declared HK15 cents final cash dividend per ordinary share (FY2010: HK13.5 cents per ordinary share) bringing total dividend per ordinary share to HK30 cents for FY2011 (FY2010 : HK20 cents per ordinary share)

For Webcast of Analyst Presentation and full details of our Annual Results, please click

http://ir.ctigroup.com.hk/eng/ir/results.php

For the full Press Release with Appendix, please download at:

http://reg.hkbn.net/ctigroup_admin/files_upload/PR_FY2011Results_E.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 1,240,000 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 over 3,000 Talent force into a competitive advantage. Additional information on City Telecom can be found at www.ctigroup.com.hk.



            








        

            

                

                    
Tags

                            
                                TELECOMMUNICATIONS
                            
                            
                                EARNINGS
                            
                            
                                WEBCAST
                            

                



        




    

        

        
Contact Data