{"id":803,"date":"2021-07-29T01:23:19","date_gmt":"2021-07-29T01:23:19","guid":{"rendered":"https:\/\/grandcityinvestment.com\/?p=803"},"modified":"2024-10-01T04:52:40","modified_gmt":"2024-10-01T04:52:40","slug":"hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1","status":"publish","type":"post","link":"https:\/\/grandcityinvestment.com\/se_SP\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/","title":{"rendered":"Hutchison Telecom profit drops nearly 80% to $31m in H1"},"content":{"rendered":"

Hutchison Telecom profit drops nearly 80% to $31m in H1<\/h1>\n
\n

This is much lower than the $146m recorded in the same period in 2020.<\/span><\/em><\/strong><\/p>\n

The Hutchison Telecommunications Hong Kong Holdings Limited recorded a profit drop of 79% to $31m in the first half (H1) of the year, linked to the \u201csluggish\u201d economic recovery and continued travel restrictions.<\/span><\/p>\n

This declined from $146m reported in the same period last year. In particular, the decrease was driven by a $58m reduction in net interest income as bank deposit rates dropped significantly.<\/span><\/p>\n

The company also registered a $310m decrease in the net cash balance from the start of 2020, following the settlement of 5G investment and spectrum spending in H1 2021.<\/span><\/p>\n

\n
\n
\n
<\/div>\n<\/form>\n<\/div>\n<\/section>\n

\u201cThe COVID-19 pandemic has continued to bring significant upheaval to the way of life and businesses,\u201d Chairman Canning Fok\u00a0Kin-Ning\u00a0said in his statement.<\/p>\n

\u201cSluggish economic recovery and persistent travel restrictions have led to unprecedented operational uncertainties throughout the first half of 2021.\u201d<\/p>\n

The company\u2019s total revenue grew 29% to $2.56b in H1 2021 from $1.98b a year ago.<\/p>\n

Of this, the local service revenue showed a 4% rise to $1.50b from $1.44b. Hardware revenue, meanwhile, rose by 194% to $935m.<\/p>\n

The Board declared an interim dividend of 2.28 cents per share for the six months to June 2021. It also declared a one-off special interim dividend of 19.80 cents per share for the same period.<\/p>\n

This brings the total dividends to 22.08 cents.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hutchison Telecom profit drops nearly 80% to $31m in H1 This is much lower than the $146m recorded in the same period in 2020. The Hutchison Telecommunications Hong Kong Holdings Limited recorded a profit drop of 79% to $31m in the first half (H1) of…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[555],"tags":[558,563],"class_list":["post-803","post","type-post","status-publish","format-standard","hentry","category-hong-kong","tag-hong-kongnews","tag-hutchison-telecom"],"yoast_head":"\nHutchison Telecom profit drops nearly 80% to $31m in H1 - Grand City Investment Ltd<\/title>\n<meta name=\"description\" content=\"Hutchison Telecom profit drops nearly 80% to $31m in H1, which is much lower than the $146m recorded in the same period in 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hutchison Telecom profit drops nearly 80% to $31m in H1 - Grand City Investment Ltd\" \/>\n<meta property=\"og:description\" content=\"Hutchison Telecom profit drops nearly 80% to $31m in H1, which is much lower than the $146m recorded in the same period in 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/\" \/>\n<meta property=\"og:site_name\" content=\"Grand City Investment Ltd\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/grandcityinvestment\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-29T01:23:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-01T04:52:40+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/grandcityinvest\" \/>\n<meta name=\"twitter:site\" content=\"@grandcityinvest\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/grandcityinvestment.com\/#\/schema\/person\/6289a5dd939bfa4334d02e3ca44b08e3\"},\"headline\":\"Hutchison Telecom profit drops nearly 80% to $31m in H1\",\"datePublished\":\"2021-07-29T01:23:19+00:00\",\"dateModified\":\"2024-10-01T04:52:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/\"},\"wordCount\":237,\"publisher\":{\"@id\":\"https:\/\/grandcityinvestment.com\/#organization\"},\"keywords\":[\"Hong Kong\u2019news\",\"Hutchison Telecom\"],\"articleSection\":[\"Hong Kong\"],\"inLanguage\":\"se-SP\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/\",\"url\":\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/\",\"name\":\"Hutchison Telecom profit drops nearly 80% to $31m in H1 - Grand City Investment Ltd\",\"isPartOf\":{\"@id\":\"https:\/\/grandcityinvestment.com\/#website\"},\"datePublished\":\"2021-07-29T01:23:19+00:00\",\"dateModified\":\"2024-10-01T04:52:40+00:00\",\"description\":\"Hutchison Telecom profit drops nearly 80% to $31m in H1, which is much lower than the $146m recorded in the same period in 2020.\",\"breadcrumb\":{\"@id\":\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/#breadcrumb\"},\"inLanguage\":\"se-SP\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/grandcityinvestment.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hutchison Telecom profit drops nearly 80% to $31m in H1\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/grandcityinvestment.com\/#website\",\"url\":\"https:\/\/grandcityinvestment.com\/\",\"name\":\"Grand City Investment Ltd\",\"description\":\"Partner With Us To Achieve Your Goals\",\"publisher\":{\"@id\":\"https:\/\/grandcityinvestment.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/grandcityinvestment.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"se-SP\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/grandcityinvestment.com\/#organization\",\"name\":\"Grand City Investment Limited\",\"url\":\"https:\/\/grandcityinvestment.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"se-SP\",\"@id\":\"https:\/\/grandcityinvestment.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/grandcityinvestment.com\/wp-content\/uploads\/2020\/05\/grandcity-logo.jpg\",\"contentUrl\":\"https:\/\/grandcityinvestment.com\/wp-content\/uploads\/2020\/05\/grandcity-logo.jpg\",\"width\":474,\"height\":448,\"caption\":\"Grand City Investment Limited\"},\"image\":{\"@id\":\"https:\/\/grandcityinvestment.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/grandcityinvestment\/\",\"https:\/\/x.com\/grandcityinvest\",\"https:\/\/www.instagram.com\/grandcityinvestment\/\",\"https:\/\/www.linkedin.com\/company\/grand-city-investment-ltd\/\",\"https:\/\/www.pinterest.com\/grandcityinvestment\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/grandcityinvestment.com\/#\/schema\/person\/6289a5dd939bfa4334d02e3ca44b08e3\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"se-SP\",\"@id\":\"https:\/\/grandcityinvestment.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f9c35f0a168b29f995f3345fcf649c736247b883d318803282f3977e1a83d442?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f9c35f0a168b29f995f3345fcf649c736247b883d318803282f3977e1a83d442?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"description\":\"Grand City Investment Limited is a business loan lender, Standby Letter Of Credit Provider, BG\/SBLC provider, bank guarantee provider & bank instruments provider in Hong Kong. www.grandcityinvestment.com\",\"sameAs\":[\"https:\/\/grandcityinvestment.com\",\"https:\/\/www.pinterest.com\/grandcityinvestment\",\"https:\/\/x.com\/https:\/\/x.com\/grandcityinvest\"],\"url\":\"https:\/\/grandcityinvestment.com\/se_SP\/author\/admin\/\"}]}<\/script>\n","yoast_head_json":{"title":"Hutchison Telecom profit drops nearly 80% to $31m in H1 - Grand City Investment Ltd","description":"Hutchison Telecom profit drops nearly 80% to $31m in H1, which is much lower than the $146m recorded in the same period in 2020.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/","og_locale":"en_US","og_type":"article","og_title":"Hutchison Telecom profit drops nearly 80% to $31m in H1 - Grand City Investment Ltd","og_description":"Hutchison Telecom profit drops nearly 80% to $31m in H1, which is much lower than the $146m recorded in the same period in 2020.","og_url":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/","og_site_name":"Grand City Investment Ltd","article_publisher":"https:\/\/www.facebook.com\/grandcityinvestment\/","article_published_time":"2021-07-29T01:23:19+00:00","article_modified_time":"2024-10-01T04:52:40+00:00","author":"admin","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/x.com\/grandcityinvest","twitter_site":"@grandcityinvest","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/#article","isPartOf":{"@id":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/"},"author":{"name":"admin","@id":"https:\/\/grandcityinvestment.com\/#\/schema\/person\/6289a5dd939bfa4334d02e3ca44b08e3"},"headline":"Hutchison Telecom profit drops nearly 80% to $31m in H1","datePublished":"2021-07-29T01:23:19+00:00","dateModified":"2024-10-01T04:52:40+00:00","mainEntityOfPage":{"@id":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/"},"wordCount":237,"publisher":{"@id":"https:\/\/grandcityinvestment.com\/#organization"},"keywords":["Hong Kong\u2019news","Hutchison Telecom"],"articleSection":["Hong Kong"],"inLanguage":"se-SP"},{"@type":"WebPage","@id":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/","url":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/","name":"Hutchison Telecom profit drops nearly 80% to $31m in H1 - Grand City Investment Ltd","isPartOf":{"@id":"https:\/\/grandcityinvestment.com\/#website"},"datePublished":"2021-07-29T01:23:19+00:00","dateModified":"2024-10-01T04:52:40+00:00","description":"Hutchison Telecom profit drops nearly 80% to $31m in H1, which is much lower than the $146m recorded in the same period in 2020.","breadcrumb":{"@id":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/#breadcrumb"},"inLanguage":"se-SP","potentialAction":[{"@type":"ReadAction","target":["https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/grandcityinvestment.com\/hutchison-telecom-profit-drops-nearly-80-to-31m-in-h1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/grandcityinvestment.com\/"},{"@type":"ListItem","position":2,"name":"Hutchison Telecom profit drops nearly 80% to $31m in H1"}]},{"@type":"WebSite","@id":"https:\/\/grandcityinvestment.com\/#website","url":"https:\/\/grandcityinvestment.com\/","name":"Grand City Investment Ltd","description":"Partner With Us To Achieve Your Goals","publisher":{"@id":"https:\/\/grandcityinvestment.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/grandcityinvestment.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"se-SP"},{"@type":"Organization","@id":"https:\/\/grandcityinvestment.com\/#organization","name":"Grand City Investment Limited","url":"https:\/\/grandcityinvestment.com\/","logo":{"@type":"ImageObject","inLanguage":"se-SP","@id":"https:\/\/grandcityinvestment.com\/#\/schema\/logo\/image\/","url":"https:\/\/grandcityinvestment.com\/wp-content\/uploads\/2020\/05\/grandcity-logo.jpg","contentUrl":"https:\/\/grandcityinvestment.com\/wp-content\/uploads\/2020\/05\/grandcity-logo.jpg","width":474,"height":448,"caption":"Grand City Investment Limited"},"image":{"@id":"https:\/\/grandcityinvestment.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/grandcityinvestment\/","https:\/\/x.com\/grandcityinvest","https:\/\/www.instagram.com\/grandcityinvestment\/","https:\/\/www.linkedin.com\/company\/grand-city-investment-ltd\/","https:\/\/www.pinterest.com\/grandcityinvestment\/"]},{"@type":"Person","@id":"https:\/\/grandcityinvestment.com\/#\/schema\/person\/6289a5dd939bfa4334d02e3ca44b08e3","name":"admin","image":{"@type":"ImageObject","inLanguage":"se-SP","@id":"https:\/\/grandcityinvestment.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f9c35f0a168b29f995f3345fcf649c736247b883d318803282f3977e1a83d442?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f9c35f0a168b29f995f3345fcf649c736247b883d318803282f3977e1a83d442?s=96&d=mm&r=g","caption":"admin"},"description":"Grand City Investment Limited is a business loan lender, Standby Letter Of Credit Provider, BG\/SBLC provider, bank guarantee provider & bank instruments provider in Hong Kong. www.grandcityinvestment.com","sameAs":["https:\/\/grandcityinvestment.com","https:\/\/www.pinterest.com\/grandcityinvestment","https:\/\/x.com\/https:\/\/x.com\/grandcityinvest"],"url":"https:\/\/grandcityinvestment.com\/se_SP\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/posts\/803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/comments?post=803"}],"version-history":[{"count":2,"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/posts\/803\/revisions"}],"predecessor-version":[{"id":971,"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/posts\/803\/revisions\/971"}],"wp:attachment":[{"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/media?parent=803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/categories?post=803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/grandcityinvestment.com\/se_SP\/wp-json\/wp\/v2\/tags?post=803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. Learn more: https://airlift.net. Template:. Learn more: https://airlift.net. Template: 6a10b68fc6af5a0bc4ab71fd. Config Timestamp: 2026-05-22 20:03:26 UTC, Cached Timestamp: 2026-06-09 20:58:42 UTC -->