Summary by Moomoo AI
Telecom Yinco Limited (“Telecom Yinco”) announces its results for the year ended 31 December 2023. Hong Kong Telecom's strong performance led to a strong increase in revenue from OTT and free-to-air TV business, driving the increase in overall EBITDA. Over the year, OTT revenue grew 22% to HK$24.52 billion, driven primarily by a 27% increase in Viu revenue. Hong Kong Telecom's total revenue increased slightly by 1% to HK$343.3 billion, and net sales of mobile communications products increased by 3% to HK$313.70 billion. Revenue from free-to-air TV and related businesses also rose 5% to HK$9.52 billion. Overall, Group revenue increased by 1% to HK$363.47 million and EBITDA increased 4% to HK$128.31 million. The Company's equity holders from continuing operations accounted for an improvement in the loss to HK$4.71 million for the year. The Board of Directors declared a final dividend of HK$28.48 per ordinary share and a full year dividend of HK$38.25 per ordinary share.
