Summary by Moomoo AI
Hutchtel HK Holdings Limited announced the unaudited performance of the six months ending June 30, 2024. During the period, the Group's total revenue 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 prolonged replacement cycle of mobile phones. Service revenue slightly decreased by 2% to HKD 1.76 billion, while 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. Shareholders' losses and loss per share narrowed to HKD 12 million and 0.25 Hong Kong cents, respectively, improving by 37% compared to the same period last year. The Board of Directors announced a mid-term dividend of HKD 2.28 cents per share, which is the same as last year. Looking ahead, the Group will remain flexible, actively pay attention to changes in demand and other key indicators, adjust its operational plan and capital investment to drive more robust financial performance.
