News Column

HGC H1 Earnings Down 43.5%

July 31, 2014

HONGKONG, July 31, SinoCast -- HGC (SEHK: 0215) earned HKD 323 million in the first half of this year, falling 43.5% over a year earlier.

This was mainly attributed to continuous price war and falling demands for roaming and other services. The number of customers in Hong Kong and Macao dropped to 3.588 million by middle this year from 3.771 million at the end of last year due to the falling number of low-end users. Net average revenue per user (ARPU) dropped 5.3% to HKD 197 and interim dividends for share hit HKD 0.0425.

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Source: Sinocast Telecommunications Beat (China)

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