PCCW achieved strong 2012 results with growth across core segments
PCCW (SEHK: 0008) – HONG KONG, February 27, 2013 – The directors of PCCW Limited (the “Company”) are pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended December 31, 2012. Some key figures are as follows:
- Core revenue increased by 7% to HK$24,134 million; consolidated revenue (including PCPD) increased by 3% to HK$25,318 million*
- Core EBITDA increased by 6% to HK$7,681 million; consolidated EBITDA (including PCPD) increased by 3% to HK$7,788 million
- Consolidated profit attributable to equity holders of the Company increased by 3% to HK$1,663 million; basic earnings per share amounted to 22.90 HK cents
- Final dividend of 13.55 HK cents per ordinary share
PCCW delivered another set of strong financial results for 2012 on the back of notable growth across our core business segments – namely the Media business, the Solutions business and the Telecom business (via our approximate 63% interest in HKT Limited and the HKT Trust (collectively “HKT”)).
Core revenue for the year ended December 31, 2012 increased 7% to HK$24,134 million, with core EBITDA increasing by 6% to HK$7,681 million. Core profit attributable to equity holders, after accounting for the approximate 37% non-controlling interest in HKT, also increased modestly to HK$1,603 million. Had the approximate 37% non-controlling interest in HKT also applied in 2011, core profit attributable to equity holders would have shown an increase of 78%.
The board of directors has recommended the payment of a final dividend of 13.55 HK cents per ordinary share for the year ended December 31, 2012.
Mr. George Chan, PCCW’s Group Managing Director, said, “Going forward, now TV is committed to strengthening its program lineup with more high-quality production and premium content acquisitions, which will be complemented by its multi-screen strategy. Following initial success in overseas distribution of our content, we are currently engaged in discussions with more potential partners. now TV will leverage PCCW Solutions’ IT competencies and HKT’s network superiority to reinforce its market leadership in Hong Kong and develop into a renowned player in the region and internationally.”
Mr. Chan said PCCW Solutions had an impeccable track record in serving the IT needs of enterprises and the public sector where system reliability is of utmost importance. He said, “It will benefit from the accelerating pace of IT outsourcing and the proliferation of cloud applications. To meet this rising demand, we have significantly expanded our data center facilities. The acquisition of Vanda China has enriched our suite of solutions for the banking and finance sector with the addition of two leading software applications, at the same time widening our customer base in mainland China. In the longer-run, PCCW Solutions aims to enhance Vanda China’s software and export it to the international market. PCCW Solutions will continue to identify opportunities to expand its presence in new industries and new geographies.”
For HKT, fiber broadband and mobile service would remain the key growth impetus in 2013, Mr. Chan said, while the fixed-line telephony business provided a steady revenue and a strong cash flow. The global connectivity business commanded considerable development potential following the extension of its footprint in Europe and Africa, he added.
For further details of the 2012 annual results, please refer to the announcement that has been filed with The Stock Exchange of Hong Kong Limited.
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*Note: Core revenue refers to consolidated revenue excluding Pacific Century Premium Developments Limited (“PCPD”), the Group’s property development and investment business; core EBITDA refers to consolidated EBITDA excluding PCPD; core profit attributable to equity holders refers to consolidated profit attributable to equity holders of the Company excluding the Group’s share of PCPD’s profit after tax and effects of eliminations.
About PCCW Limited
PCCW Limited (SEHK: 0008) is a Hong Kong-based company which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.
PCCW Limited holds a majority interest in HKT, Hong Kong’s premier telecommunications service provider. HKT meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sale, outsourcing, consulting, and contact centers.
PCCW Limited also owns a fully integrated multimedia and entertainment group in Hong Kong, PCCW Media Limited, which operates now TV, a highly successful IPTV operation. As the provider of Hong Kong’s first quadruple-play experience, PCCW offers a range of innovative media content and services across four delivery platforms – fixed-line, broadband Internet access, TV and mobile.
Also wholly-owned by the PCCW Group, PCCW Solutions is a leading information technology outsourcing and business process outsourcing provider in Hong Kong and mainland China.
In addition, PCCW Limited holds a majority interest in Pacific Century Premium Developments Limited, and overseas investments including the wholly-owned UK Broadband Limited. To learn more about PCCW, please visit www.pccw.com.
For media inquiries, please call:
Stella Wong
Group Communications
Tel: +852 2888 2253
Email: stella.wm.wong@pccw.com
Ivan Ho
Group Communications
Tel: +852 2883 8747
Email: ivan.wy.ho@pccw.com For investor inquiries, please call:
Marco Wong
Investor Relations
Tel: +852 2514 5084
Email: ir@pccw.com