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Friday, August 2, 2013

Three UK says operating profit has trebled since last year

Hong Kong-based Hutchison Whampoa Limited has published unaudited financial results for the first half of 2013. The company, which has assets including port operations and mobile phone networks, reported profit up 23% year-on-year to HK$12.4 billion (£1.05 billion) for the six-month period.

At HWL business Three UK, operating profit increased 231% year-on-year to £86 million in the first half of 2013. Active customers increased to over 7.5 million, which was a 10% increase year-on-year. Registered customer numbers reached 9.2 million.

Richard Woodward, Chief Financial Officer at Three UK, said “We’ve seen another quarter of sustained and profitable growth, driven by new, high-value smartphone customers and a continued focus on cost efficiency. We’re attracting more and more customers, but importantly these are very engaged customers, delivering growth to the bottom line.”

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Author: The Fonecast
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Categories: Networks and operators, NewsNumber of views: 3191

Tags: uk three hutchison whampoa

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