Welcome to our dedicated page for Hkbn news (Ticker: HKBNY), a resource for investors and traders seeking the latest updates and insights on Hkbn stock.
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HKBN Ltd. reported solid operational and financial results for FY22, ending August 31, 2022, despite a challenging economic backdrop. Revenue grew 1% year-on-year to $11,626 million, and EBITDA (Adjusted) increased 2% to $2,609 million. However, the final dividend decreased to 20 cents per share, down from 37.5 cents in the previous year. The Company plans to capitalize on growth opportunities in Enterprise Solutions and Residential Solutions amid a competitive landscape.
HKBN Ltd. reported strong FY21 results despite economic challenges, achieving a 21% increase in revenue to HK$11,464 million. EBITDA grew by 3% to HK$2,569 million, supported by operational efficiencies. The company also increased its final dividend by 2% year-on-year. The enterprise segment grew customer numbers to 107,000 and improved ARPU to HK$3,036. In residential services, revenue rose 1% to HK$2,465 million, aided by partnerships with Disney+ and Netflix.
HKBN Ltd. reported robust operational and financial growth for the six months ended February 28, 2021, despite the ongoing COVID-19 pandemic. Revenue surged 40% year-on-year to HK$6,230 million, driven primarily by the acquisition of HKBN JOS. EBITDA rose 2% to HK$1,312 million. The company recommended an interim dividend increase to 39 HK cents per share, a 5% rise. While Adjusted Free Cash Flow fell by 11% to HK$391 million due to a senior notes premium, Core AFF actually grew by 7%. HKBN's enterprise and residential solutions remained resilient amid market challenges.
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