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<Result Ann>PCCW (00008.HK) Annual Results Swing into Loss of $471M; Final Div. $28.48 Cents
PCCW (00008.HK) announced its annual results for the year ended December 2023, with revenue of $36.347 billion, up 0.8% YoY. It turned to a loss of $471 million, compared to a prof...
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<Result Ann>PCCW (00008.HK) Annual Results Swing into Loss of $471M; Final Div. $28.48 Cents
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PCCW (00008.HK)  +0.010 (+0.242%)    Short selling $1.61M; Ratio 5.380%   announced its annual results for the year ended December 2023, with revenue of $36.347 billion, up 0.8% YoY. It turned to a loss of $471 million, compared to a profit of $158 million in the same period last year, giving a loss per share of $6.1 cents. The final dividend was $28.48 cents, compared to $28.48 cents in the same period last year, and the total dividend for the year was $38.25 cents.

Dividend History
Announce DateEventParticular
2023/08/03InterimD:HKD 0.0977
2023/02/24FinalD:HKD 0.2848
2022/08/12InterimD:HKD 0.0956
2022/02/24FinalD:HKD 0.2769

EBITDA for the period increased 4% to $12.831 billion. Among them, EBITDA of HKT incremented 3% to $13.4 billion, EBITDA of the OTT business rocketed 233% to $592 million, and EBITDA of Free TV and related business hiked 96% to $190 million.

Related NewsJPM: More Capital Flow into CN Telecoms if Div. Tax for Southbound Connect Waived; Biggest Beneficiary CHINA UNICOM
The Group said that for the year ended December last year, revenue from its OTT business grew notably by 22% to $2.452 billion, driven by Viu's substantial revenue growth of 27%, as it benefited from its enriched content, strong engagement with its sizeable user base, and greater value delivered to its paid subscribers.

During the year, Viu focused on driving subscription revenue, which rose 32%, powered by a 10% increase in paid subscribers to 13.4 million and higher pricing in selected markets. In the ad-supported services tier, cost per thousand impressions (CPM) and higher sell-through rates drove revenue growth of 15%.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)

Related NewsUBS: Potential Removal of Div. Withholding Tax for Southbound Stock Connect Positive for HK Stocks
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