Exact(1)
CKH, the conglomerate that houses Li's non-property assets, including telecommunications, reported an adjusted net income of HK$31.2 billion ($4 billion) for 2015, narrowly beating the HK$31 billion estimated in a poll of analysts by Thomson Reuters, thanks to higher-than-expected earnings from its European telecommunications business.
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"This represents the first major consolidation since the deregulation of Post, Telephone and Telegraph monopolies in Europe," says George Brandon, editor of Telecommunications Report Daily, an offshoot of the oldest and most respected telecommunications newsletter.
Teléfonos de Mexico, Mexico's largest telecommunications company, reported that profit grew 10.3percentt in 2003, to $2 billion.
Ericsson, a Swedish telecommunications company, reported a third-quarter loss of $350 million in 2001.
The giant telecommunications company reported a loss of $15 million for the quarter and a 34.4percentt decline in full-year earnings.
Alcatel-Lucent, the French-American telecommunications company, reported on Tuesday that its first-quarter loss more than doubled from a year ago.
AT&T, the telecommunications company, reported second-quarter results on Wednesday that contained signs that the weak economy was catching up to its previously steady results.
Many phone subscribers could not get through to Europe, regional telecommunications operators reported, as they raced to reroute their traffic to alternative lanes.
The telecommunications company reported that its second-quarter profits fell to 37 cents a share, from 41 cents a share last year.
The maker of chips that run networking and telecommunications equipment reported fourth-quarter profit that exceeded the average estimate of analysts surveyed by First Call/Thomson Financial.
Stocks rose yesterday, finishing their first winning week in seven, as computer-related and telecommunications companies reported faster-than-expected profit or sales growth.
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