Summary by Futu AI
Hutchtel HK Holdings Limited announced its unaudited performance for the six months ended June 30, 2024. During the period, the total revenue of the group decreased by 12% from HKD 2.328 billion in the same period of 2023 to HKD 2.058 billion, mainly due to cautious market sentiment and extended replacement cycle of mobile phones. The service revenue slightly decreased by 2% to HKD 1.76 billion, while the roaming service revenue increased significantly by 31% to HKD 0.308 billion due to strong outbound performance. EBITDA remained stable at HKD 0.728 billion. The attributable loss and loss per share of shareholders narrowed to HKD 12 million and HKD 0.25 cents, respectively, an improvement of 37% from the same period last year. The Board of Directors announced an interim dividend of HKD 0.228 per share, the same as the same period last year. Looking ahead, the group will remain flexible, actively monitor changes in demand and other key indicators, adjust operating plans and capital investments to drive more robust financial performance.
