Summary by Moomoo AI
HKBN (Hong Kong Broadband Network) announced several measures and performance results for the 2024 fiscal year. In terms of financial performance, the company's revenue decreased by 9% to 10.65 billion HKD; however, net profit significantly improved from a loss of 1.27 billion HKD in the previous year to a profit of 10.27 million HKD. EBITDA grew by 3% to reach 2.36 billion HKD; adjusted net profit decreased slightly by 2% to 0.19097 billion HKD; adjusted free cash flow fell by 19% to 0.62014 billion HKD. In terms of operational performance, enterprise solutions revenue remained relatively stable, with a slight decline of 1%; residential solutions revenue decreased by 2%; mobile and other products revenue dropped by 36%; network coverage reached nearly 2.6 million households, and residential ARPU increased by 2% to 182 HKD. In terms of sustainability...Show More