Articles tagged with: Cgp Investments and Java

Hutchison Reports Record 2007 Profits on Disposals

Hutchison Telecom has reported a record annual profit of HK$67,776 million (US$8.7 billion) for last year, thanks largely to disposals. Turnover increased by 13.8% to HK$20,401 million (US$2.63 billion) reflecting a 57% growth in the customer base to nearly 10 million, increased usage especially in 3G and favourable foreign currency exchange rates. EBITDA increased to HK$5,253 million despite losses at start up operations in Indonesia and Vietnam, and HK$223 million non-cash charge for employee stock options, representing an EBITDA margin of 25.7%. Excluding the start up operations the EBITDA margin would have been 29.4%. more

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