SmarTone Reports 2% Increase in Profit to $479M with Stable Revenues at $6.25B for FY2024-25
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SmarTone Telecommunications Holdings Ltd. reported a 2% increase in profit to HK$479 million for FY2024-25, with stable revenues at HK$6.253 billion. Service revenue slightly decreased to HK$4.415 billion, while handset sales rose to HK$1.838 billion. The company achieved a HK$66 million reduction in operating costs and saw strong growth in 5G Home Broadband and Enterprise Solutions. A final dividend of 17.5 cents per share was proposed, totaling 32.0 cents for the year. SmarTone aims to leverage 5G, AI, and IoT technologies for customer service.
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