i-CABLE Communications Limited Reports 6-Month Revenue of HK$277.5 Million; Net Loss Decreases 15% to HK$216.8 Million; Basic Loss Per Share Improves to HK(3.0) Cents
Reuters
Sep 23
i-CABLE Communications Limited Reports 6-Month Revenue of HK$277.5 Million; Net Loss Decreases 15% to HK$216.8 Million; Basic Loss Per Share Improves to HK(3.0) Cents
i-CABLE Communications Limited has released its interim report for the six months ended June 30, 2025. The company reported revenue of HK$277.5 million, a slight increase from HK$277.2 million in the same period last year. The loss from operations was HK$156.9 million, showing an improvement from a loss of HK$188.7 million in the previous year. The net loss for the period was reduced to HK$216.8 million, compared to a net loss of HK$254.9 million in the same period last year. The company has implemented several cost-saving measures, resulting in a reduction of total operating expenses by approximately 7% compared to the previous period. The telecommunications segment reported a 46% increase in profit before depreciation, amortization of other intangible assets, and impairment losses, while the media segment's loss improved by approximately 12%. i-CABLE continues to focus on optimising its network backbone coverage and core capacity development. It is also actively pursuing strategic alliances with network operators, data centre providers, and partners in digital infrastructure to develop new revenue streams and enhance asset utilisation efficiency through innovative business models.
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