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(15th June, 2000, Hong Kong) - CM Telecom International
Limited ('CM Telecom' or the 'Group'; stock code: 989) today announced
its annual results for the year ended 31st March, 2000. In order to capture
the opportunities that will be brought by China's gradual opening of her
telecom market, the Group had actively restructured its business and had
achieved initial results. In the year of business restructuring, the Group
attained a turnover of HK$891,169,000, representing an increase of approximately
3.2%. Net profit was HK$40,019,000. VoIP and Data Communications Services As a result of the increase in gross talk time,
turnover of the cellular service increased steadily. Turnover was HK$175,965,000,
an increase of 8%. Profit before tax was HK$124,739,000, increased by
3%. Multimedia Retail Chain and Repair Services The CM Concept telecom product and service specialty
store chain is one of the Group's development objectives during the year
and has recorded a significant growth. Turnover reached HK$240,622,000,
a 55% increase over the previous year. Profit before tax was HK$18,325,000,
representing a significant increase of 67%. Over the year, the number
of CM Concept stores has increased from 24 to 40 in Hong Kong. Sales volume
of mobile phones and paging services increased by 203% and 305% respectively.
Profit of the telecommunication terminals repair and warranty services
increases due to effective cost control and enhanced management. The Group
is planning to expand these two businesses in the Southern and Eastern
China. ISP Access Internet is one of the Group's strategic new
businesses under development. Through cooperation with joint venture companies,
the Group provides ISP Access services in 200 PRC cities. For the year
ended 31st March, 2000, the Group has developed 89,742 ISP customers.
The Group has also launched the first China roaming Internet access services
for Hong Kong based customers. Internet and E-Commerce ChinaMotion.com was officially launched on 29th
March, 2000. It is an E-market place for mobile communication services,
products and wireless information services (WAP). An initial turnover
of HK$104,000 was recorded. As the business is in its development stage,
it has not brought profit contribution to the Group yet. It has signed
an MOU with Ericsson (China) to explore channels for e-wholesale and retailing.
It is expected to bring in new growth momentum to the Group. Unified Messaging Services In order to meet to market needs, the Group constantly
adjusted its paging services and contents during the year. Through a unified
messaging platform, customers can use various approaches to access information
or messages. We have continued our efforts in this service to encourage
our local and PRC roaming paging users to shift to high value-added information
messaging services and thus increasing our market share. The 'financial
pagers', introduced earlier this year, has brought in encouraging income.
Turnover was approximately HK$262,944,000, a 24% increase over that of
the previous year. Networking Services After successful bidding the Hong Kong International
Airport contract, this operation has successfully acquired a number of
service contracts in Hong Kong, Korea and a number of PRC cities e.g.
Shanghai, Hainan and Yunnan. During the year, the turnover was HK$28,140,000,
successfully a turnaround to profit from last year's loss. Telecare Services Turnover of the Group's call-center business
in Hong Kong was satisfactory and recorded a turnover of HK$1,509,000.
In China, the industry is still in its early stage of development and
has enormous potentials. The Group is in the process of establishing four
new call-centers in Guangzhou, Shanghai, Beijing and Shenzhen. - end - For further information, please contact: |