Summary by Moomoo AI
HONG KONG TELECOMMUNICATIONS TRUST AND HONG KONG TELECOMMUNICATIONS LIMITED ANNOUNCE THEIR ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. Total revenue increased slightly by 1% to HK$343.3 billion, with solid telecommunications revenues and a 5% increase in mobile communications revenue to HK$83.48 billion, reflecting a rapid recovery in roaming revenues and increased adoption of 5G services. EBITDA increased by 3% to HK$134.00 billion and earnings increased by 2% to HK$49.91 million for joint stock holders. Basic earnings per common share unit were HK$65.89. The final distribution was HK$44.44, and the total distribution was HK$76.49 for the whole year. Management said that despite economic challenges, the company relied on innovative capabilities and high-quality telecommunications infrastructure to deliver solid annual results.