HKBN Reports Mixed FY24 Results Amid Economic Challenges

HKBN (HK:1310) has released an update.

HKBN Ltd. reported a 9% decrease in total revenue to HK$10,651 million for FY24, largely due to weaker handset sales. However, the company saw a 3% increase in EBITDA to HK$2,365 million and turned a profit of HK$10 million, attributed to improved core business performance. Despite a challenging economic environment, HKBN’s strategic focus on high-margin services and product bundling has positioned it for stronger growth.

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