Sun Hung Kai Properties

SmarTone sees bumper half-year net

PUBLISHED : Tuesday, 11 January, 2011, 12:00am
UPDATED : Tuesday, 11 January, 2011, 12:00am

SmarTone Telecommunications Holdings, which runs mobile phone networks in Hong Kong and Macau, expects a significant net profit for the six months to December because of an increase in subscribers and higher average monthly revenue per user. The operator, a subsidiary of Sun Hung Kai Properties, said profit for the period would be better than the full-year results to June last year, when it posted a sevenfold increase in net profit to HK$294 million from HK$42 million in 2009. Its interim results will be announced later next month.