Summary by Moomoo AI
Hutchtel HK (Hutch HK) released its mid-term financial report for 2024, showing a 12% decrease in total revenue compared to the same period last year, reaching HKD 2.058 billion. Service revenue slightly decreased by 2% to HKD 1.76 billion, while hardware and other product revenue dropped by 44%. Despite the decline in total revenue, the total gross profit remained stable, mainly due to the increase in roaming service revenue. EBITDA remained at HKD 0.728 billion, and LBIT slightly improved to HKD 30 million. The net loss attributable to shareholders and net loss per share narrowed to HKD 12 million and 0.25 HK cents, respectively, an improvement of 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% to approximately 4.3 million. Looking ahead, the board of directors maintains a positive outlook on the business prospects and will continue to seek value-added opportunities for shareholders.
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