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i-cable communications ltd (1097) Details

i-CABLE Communications Limited, an investment holding company, provides integrated communications services in Hong Kong. The company owns and operates wireline telecommunications network, which provides television, broadband, telephony, and multimedia services to approximately two million households. It produces television, film, and multimedia content focusing on news, information, sports, and entertainment. The company operates through two segments, Television, and Internet and Multimedia. The Television segment offers television subscription, advertising, channel carriage, television relay service, program licensing, network maintenance, and other television related services. The Internet and Multimedia segment is involved in operations related to broadband Internet access, portal operations, mobile content licensing, and voice over Internet protocol telephony activities, as well as other Internet access related businesses. The company also provides technical services. The company was incorporated in 1999 and is based in Tsuen Wan, Hong Kong.

1,876 Employees
Last Reported Date: 04/19/18
Founded in 1999

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i-cable communications ltd
i-CABLE Communications Limited Announces Auditors Change

The board of the directors of i-CABLE Communications Limited announced that KPMG will retire as the auditor of the Company upon the expiration of its current term of office with effect from the conclusion of the forthcoming annual general meeting of the Company to be held on 24 May 2018. For the purpose of maintaining good corporate governance practice, the Board considers that the auditor of the Company should be rotated after an appropriate period of time. KPMG has been the auditor of the Company since its listing in 1999. After due consideration, the Board proposes, with the recommendation of the audit committee of the Company, to appoint PricewaterhouseCoopers as the new auditor of the Company following the retirement of KPMG, subject to the approval of shareholders of the Company at the forthcoming AGM.

i-CABLE Communications Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2017

i-CABLE Communications Limited announced consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of HKD 1,258,430,000 against HKD 1,406,368,000 a year ago. Loss from operations was HKD 443,941,000 against HKD 311,863,000 a year ago. Loss before taxation was HKD 366,212,000 against HKD 317,868,000 a year ago. Loss for the year attributable to equity shareholders of the company was HKD 362,827,000 against HKD 312,790,000 a year ago. Basic and diluted loss per share was 10.1 cents against 12.6 cents a year ago. LBITDA of the group for the year ended December 31, 2017 was approximately HKD 239 million against HKD 98 million a year ago. Capital expenditure on property, plant and equipment during the year ended December 31, 2017 amounted to approximately HKD 208 million against HKD 238 million a year ago, and the additions to programming library during the year ended December 31, 2017 was approximately HKD 115 million against HKD 123 million a year ago.

i-CABLE Communications Limited to Report Fiscal Year 2017 Results on Mar 22, 2018

i-CABLE Communications Limited announced that they will report fiscal year 2017 results on Mar 22, 2018


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