On April 26, GLONGHUI Hong Kong Broadband (01310.HK) announced that for the six months ended February 29, 2024, the company's revenue decreased by 13% year-on-year to HK$5.809 billion, mainly due to sales performance of mobile phones and other products falling short of expectations. Despite this, the Group's core business, including fixed-line telecommunications network services, technology solutions and consulting services, grew steadily by 1% year-on-year.
Profit before interest, tax, depreciation and amortization decreased by 4% year-on-year to HK$1.151 billion, mainly due to weak sales performance of mobile phones and other products, although the decline was partially offset by reduced operating expenses due to improved operations.