OREANDA-NEWS. August 05, 2011. Hutchison Telecommunications Hong Kong Holdings Limited (“HTHKH”; “the Group”; Stock Code: 215) announced its interim results for the six months ended 30 June 2011, reported the press-centre of Hutchison Telecommunications.

The Group delivered sustained growth over the period under review. Mainly driven by the turnover growth from its mobile business as a result of strong smartphone sales, consolidated turnover for the first six months of 2011 amounted to HKD 6,018 million, representing growth of 41% compared with HKD 4,283 million for the corresponding period in 2010.

Total operating expenses, excluding cost of inventories sold, were HKD 3,544 million for the first half of 2011, a 3% increase compared with HKD 3,441 million in 2010. Profit attributable to shareholders of the Company was HKD 494 million, a 37% increase compared with HKD 361 million for the first half of 2010. Earnings per share was 10.25 HK cents for the six months ended 30 June 2011, compared with 7.50 HK cents for the same period in 2010.

The board of directors (the “Board”) has adopted a policy to distribute 75% of annual profits attributable to shareholders of the Company (excluding any profits from disposals or other one time items) by way of dividends. For the first half of 2011, the Board recommends the payment of an interim dividend of 5.16 HK cents (30 June 2010: 3.32 HK cents) per share, or HKD 249 million (30 June 2010: HKD 160 million) in total.

Mr Peter Wong, Chief Executive Officer of HTHKH, said: “I am very pleased to report the encouraging interim results and an annual dividend payout ratio of 75%. In the first half of 2011, we achieved a robust turnover growth of 41% with the strong smartphone sales from our mobile business. We also leveraged our superior network, thorough customer knowledge and solid foundation built on sound financial performance to successfully manage the bandwidth demand in the new ‘data era’. Our data service revenue from mobile operation grew 30% amid increasing smartphone popularity and greater market demand for data-centric service.

Turnover of our fixed-line operation also achieved growth with the increasing market demand for data, bandwidth and IDD services. Going forward, we will build on the success of our past initiatives to benefit from accelerating bandwidth demand and to maintain service excellence, market leadership as well as to maximise value for customers and shareholders.”