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Hutchison Telecommunications (Australia) Limited ( (AU:HTA) ) has shared an announcement.
Hutchison Telecommunications (Australia) Limited reported a net loss of A$191.4 million for the year ending December 31, 2024, primarily due to an impairment loss on its investment in TPG and finance costs associated with its joint venture, Vodafone Hutchison (Australia) Holdings Limited. Despite the losses, HTAL saw an increase in revenue from ordinary activities, attributed to higher interest income from increased cash balances and rising bank interest rates, indicating a potential area of financial resilience.
More about Hutchison Telecommunications (Australia) Limited
Hutchison Telecommunications (Australia) Limited (HTAL) operates primarily as an investor in the telecommunications sector, with a significant 25.05% equity interest in TPG Telecom Limited. The company is involved in the telecommunications industry through its investments and joint ventures, focusing on maintaining and enhancing its market position through strategic partnerships.
Average Trading Volume: 130,942
Technical Sentiment Signal: Sell
Current Market Cap: A$352.9M
See more data about HTA stock on TipRanks’ Stock Analysis page.