Summary by Moomoo AI
HUTCHTEL HK ANNOUNCED ITS ANNUAL FINANCIAL REPORT FOR 2023 ON 31 DECEMBER 2023. The report showed that the company's revenue grew slightly to 4,896 million, up from 4,882 million in 2022. The company's EBITDA (profit before interest tax depreciation and amortization) increased by 3% from $1,420 million in 2022 to $1,457 million. However, the company's LBIT (income tax before loss) decreased from 81 million to 69 million, improving by 15%. In addition, the report also mentions the progress of the 5G business, as well as changes in ARPU (average revenue per user) and AMPU (average profit per user). Overall, Wachai Telecom Hong Kong showed steady growth in its financial performance in 2023.