Hutchison Telecommunications Hong Kong Holdings (HTHKH) has reported a 35% jump in annual net profits to HKD1.02 billion (USD131 million) in the twelve months ended 31 December 2011, on consolidated turnover that rose 36% to HKD13.41 billion, mainly driven by strong growth in smartphone sales and mobile data communications. Consolidated EBITDA rose 19% from HKD2.19 billion in 2010 to HKD2.61 billion. The group, which includes Hong Kong cellco Hutchison Telephone Company (3), its sister firm 3 Macau and fixed line provider Hutchison Global Communications, said that the turnover of its mobile business reached HKD10.41 billion in the year, with mobile EBITDA of HKD1.71 billion, up by 50% and 38% respectively.
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OVETEL HTHKH grows annual profits by 35%
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