Hong Kong cellco SmarTone has announced interim fiscal results for the six months ended December 2011. Net profit for the half-year period increased by 48% to HKD475 million (USD61 million) on revenues that rose 83% to HKD5.06 billion, as mobile subscribers grew 12% year-on-year to 1.62 million. Service-only revenues climbed by 31% to HKD2.8 billion and handset/accessory sales more than doubled to HKD2.25 billion, while data service revenues expanded by 52%
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OVETEL SmarTone’s profits rise 48% on 12% customer growth
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