According to HKT’s press release, total EBITDA increased by 2% to HK$5,834 million, while adjusted funds flow increased by 2% to HK$2,377 million, and profit attributable to holders of Share Stapled Units increased by 1% to HK$1,910 million.
Despite the pandemic’s negative impact on the Hong Kong economy, HKT said it remained focused on its strategic priorities in serving both the consumer and business segments and thus managed to achieve steady growth during the period.
With the subdued consumer sentiment in the first half, its mobile business recorded a 2% growth in services revenue to HK$3,647 million for the six months ended 30 June. Local core revenue grew by 2%, benefiting from continued 5G adoption, growth in the company’s post-paid customer base, as well as higher revenue contribution from mobile enterprise solutions.
Comparatively lower mobile product sales were recorded by HKT during the period as a result of elevated sales in the first half of 2021 following the delayed launch of popular handset models and the adverse impact of supply chain disruptions.
EBITDA from the mobile segment increased by 2% to HK$2,122 million during the period, in line with growth in mobile services revenue.