HUTCHTEL HK released its interim results, with a profit attributable to shareholders of HKD 6 million, turning a profit compared to a loss in the same period last year

According to the Zhitong Finance APP, HUTCHTEL HK (00215) announced its performance for the six months ending June 30, 2025. The group achieved total revenue of HKD 2.216 billion, an increase of 8% year-on-year; shareholders' profit amounted to HKD 6 million, compared to a loss of HKD 12 million in the same period last year; earnings per share were HKD 0.12, and an interim dividend of HKD 0.0228 per share is proposed.

In the first half of 2025, revenue from outbound and domestic roaming services steadily increased, driven by the positive trend in the tourism industry and the group's comprehensive roaming services being well-received in the market. Total revenue from roaming services rose by 30% year-on-year to HKD 399 million, surpassing pre-pandemic levels, which was sufficient to offset a 2% decline in local service revenue, a decline influenced by the ongoing competitive environment and changing consumption patterns in the first half of 2025. Net revenue from customer services increased by HKD 62 million or 4% year-on-year to HKD 1.822 billion.

Due to an increase in sales of flagship mobile devices compared to the same period last year, hardware revenue also rose by HKD 96 million or 32%. As a result, the group's total revenue increased by HKD 158 million or 8% compared to the same period last year. The total gross profit benefited from the improvement in net revenue from customer services and hardware revenue, remaining stable at HKD 1.525 billion