China Mobile (Hong Kong) Limited (CHL) announced its 2004 annual financial results at the end of this past week. The company's operating revenue achieved growth from asset acquisition, and reached CNY192,381 million, representing an increase of 21.3 per cent from 2003.
EBITDA reached CNY107,221 million, representing an increase of 16.2 per cent over 2003. Net profit reached CNY42,004 million, representing an increase of 18.1 per cent from 2003. EBITDA margin and net profit margin were maintained at relatively high level.
The company's basic earnings per share reached CNY2.14, representing an increase of 18.2 per cent from 2003.
As of December 31, 2004, the company's mobile subscriber base reached 204 million and pro-forma combined average revenue per user per month (ARPU) reached CNY92.
Compared to 2003, pro-forma combined revenue attributable to such businesses grew at a rate of 76.5 per cent and the percentage of the Group's total pro-forma combined revenue represented by such revenue reached 15.5 per cent.