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November 28, 2015 2:26 AM ET

Diversified Telecommunication Services

Company Overview of Hong Kong Broadband Network Limited

Company Overview

HKBN Ltd. provides telecommunication services to residential and enterprise markets in Hong Kong. It offers a portfolio of telecom services, including broadband and Wi-Fi access, communication, entertainment, and Cloud solutions. The company provides high-speed Fibre-to-the-Home broadband services to approximately 2.1 million residential homes and 2,000 commercial buildings, as well as Wi-Fi wireless broadband services that covers approximately 11,000 Wi-Fi hotspots. The company also offers fiber broadband solutions up to 1000Mbps; designs and implements Wi-Fi networks for organizations and enterprises; enables clients to combine, read, and respond to multiple email hosting services on a sin...

Trans Asia Centre

12th Floor

18 Kin Hong Street

Kwai chung

Hong Kong,  

Hong Kong

Founded in 1992

2,430 Employees

Key Executives for Hong Kong Broadband Network Limited

Chief Executive Officer, Executive Director, Chairman of Nomination Committee and Member of Remuneration Committee
Age: 54
Total Annual Compensation: $10.8M
Chief Financial Officer, Head of Talent Engagement and Executive Director
Age: 45
Total Annual Compensation: $7.2M
Compensation as of Fiscal Year 2015.

Hong Kong Broadband Network Limited Key Developments

HKBN Ltd. Appoints Orida as Non-Executive Director and Member of the Nomination Committee, Effective 20 November 2015

The board of directors of HKBN Ltd. announced that Ms. Orida has been appointed as a non-executive director and a member of the nomination committee of the company with effect from 20 November 2015. Ms. Orida, aged 48, is Managing Director, Head of Relationship Investments International at Canada Pension Plan Investment Board. She joined CPPIB in Toronto in 2009, and is currently based in Hong Kong where she has been located since August 2012.

HKBN Ltd. Recommends Final Dividend for the Year Ended August 31, 2015, Payable on or About, 7 January 2016

The directors of HKBN Ltd. recommended the payment of a final dividend of 20 cents per share for the year ended 31 August 2015 to the shareholders whose names appear on the register of members of the company on, 23 December 2015. Subject to the approval by the shareholders at the 2015 AGM, the proposed final dividend is expected to be paid in cash on or about, 7 January 2016.

HKBN Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended August 31, 2015

HKBN Ltd. reported unaudited consolidated earnings results for the year ended August 31, 2015. For the year, the company reported turnover of HKD 2,341,113,000 against HKD 2,131,581,000 a year ago. Turnover grew by 10%, driven by strong growth in broad band subscriptions and gains in market share for both residential and enterprise businesses. Profit before taxation was HKD 189,850,000 against HKD 105,038,000 a year ago. Profit for the period attributable to equity shareholders of the company was HKD 104,268,000 or 10.4 cents per basic and diluted share against HKD 53,550,000 or 5.4 cents per basic and diluted share a year ago. Adjusted net profit was HKD 359,955,000 against HKD 253,940,000 a year ago. EBITDA was HKD 978,622,000 against HKD 845,281,000 a year ago. Adjusted free cash flow was HKD 391,622,000 against HKD 310,814,000 a year ago. Capital expenditure was HKD 324,084,000 against HKD 345,601,000 a year ago. Additions to fixed assets amounted to HKD 380 million for the year ended August 31, 2015, as compared to HKD 346 million for the previous year.

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