Summary by Futu AI
Hutchtel HK (Hutch Hong Kong) released its mid-term financial report for 2024, showing a 12% decrease in total revenue compared to the same period last year, to HKD 2.058 billion. Service revenue slightly decreased by 2% to HKD 1.76 billion, while hardware and other product revenue decreased by 44%. Despite the decline in total revenue, gross profit remained stable, mainly due to an increase in roaming service revenue. EBITDA remained at HKD 0.728 billion, and LBIT improved slightly to HKD 30 million. Shareholders' attributable loss and loss per share respectively narrowed to HKD 12 million and 0.25 Hong Kong cents, improving by 37%. The Board of Directors announced a mid-term dividend of HKD 2.28 per share, the same as last year. The number of group customers increased by 25%, reaching about 4.3 million. Looking ahead, the Board of Directors remains optimistic about the business prospects and will continue to seek value-added opportunities for shareholders.