OREANDA-NEWS. March 24, 2011. Hutchison Telecommunications Hong Kong Holdings Limited (“HTHKH”; Stock Code: 215) announced its annual results for the year ended 31 December 2010, reported the press-centre of Hutchison Telecommunications.

Highlights
Leading integrated telecommunications operator in Hong Kong with mobile subscriptions of over 2.83 million and the most extensive fibre-to-the-building infrastructure.

Consolidated turnover grew 17% to HKD 9,880 million.

Turnover of mobile business increased by 25% to HKD 6,950 million, reflecting data revenue growth of over 36% and strong sales of smartphones, and operating profit grew 64% to HKD 792 million.

Profit attributable to shareholders of the Company increased by 61% to HKD 755 million.

Basic earnings per share increased by 61% to 15.68 HK cents.

Final dividend per share recommended at 6.83 HK cents.

Total dividend up 39%
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2010 represented a year of progress for HTHKH and its subsidiaries (“the Group”). The Group reported a consolidated turnover of HKD 9,880 million in 2010, representing a growth of 17% compared to HKD 8,449 million in 2009. The increase in turnover was mainly driven by growing demand for mobile and fixed-line services as well as strong sales of telecommunications products.

The operating profit of the Group for the year under review reached HKD 1,107 million, representing an increase of 41% compared to HKD 787 million in 2009. The increase in operating profit was mainly attributable to steady turnover growth coupled with effective cost management.

Mobile and fixed-line businesses reported turnover growth of 25% and 2% respectively, with data revenue growth of over 36% and strong sales of smartphones for mobile business, and constantlyenhanced fixed-line network addressing the needs of a diversity of customers for fixed-line business.

Profit attributable to shareholders of the Group increased by 61% to HKD 755 million, compared to HKD 468 million in 2009. Basic earnings per share for the year ended 31 December 2010 increased to 15.68 HK cents, compared to 9.72 HK cents for 2009.

The board of directors recommended payment of a final dividend of 6.83 HK cents per share for the year 2010 (2009: 6.16 HK cents), or HKD 329 million in total. This, together with interim dividend paid, represents a growth of 39% compared to that in 2009.

Mr Peter Wong, Chief Executive Officer of HTHKH, said: “I am very pleased to report the annual results of the Group for the year 2010. The revenues and profits of the Group in 2010 exceeded those in 2009. Our mobile operation, 3, not only maintained clear leadership in the local mobile market in terms of our overall subscription, but also became the second largest mobile operator in Macau. Our fixed-line operation, HGC, continued to cater to the needs of a diversity of customers with its constantly-enhanced fixed-line network and advanced voice-data-IP global network. Our consumer broadband sales activities also increased during 2010, harnessing the power of the 3 brand to market residential fixed-line services. Looking ahead, the Group will endeavour to maximise value for our shareholders by capitalising on the increasing demand for mobile data and enhancing the overall customer experience with the continued network upgrade.”