Issue 2 August 03 2003 |
Premier value-added telecom services Preferred value-added partner Linking up China and the rest of the world
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| Quarterly Updates |
In this issue…
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Message From Tony Hau, Chairman As the region begins to recover from SARS and business confidence returns, we are seeing a pick-up in business activity and the resumption of travel in Hong Kong, Singapore and China. On the telecommunications front, China Motion has emerged from the restructuring of our business with a stronger corporate position and focus on growing our three core businesses - telecommunications networks, mobile-related services, and retail and distribution. As you may have seen from our annual results announcement, China Motion Telecom performed well last year. We increased turnover to HK$735.6 million (S$165.8 million) and saw a profit turnaround for the year ended March 2003. While we expect positive full-year results for 2004, we remain cautious about upcoming interim results ending September 2003. The SARS outbreak, for one, had a slight impact on our retail business in the first quarter of this financial year. In our Mobile Virtual Network Operator business, fierce competition in Hong Kong affected service plan tariffs, and resulted in a lower-than-expected growth in subscribers. China Motion Telecom is also currently negotiating with telecom operators in China to reduce the interconnect charges* for transferring traffic over their network. The rates are expected to be finalised only in the last quarter of this year, so there is still uncertainty for our next interim results to reflect any impact from the new rates. However, we expect our full year performance for 2004 to show positive results overall. Above all, we remain encouraged by our accomplishments in the past year. China Motion had achieved yet another milestone with the launch of the world's first Tri-SIM mobile service in June. Developed by our mobile-related services division CM Mobile, this service saves travelers to Hong Kong, Singapore and China the trouble of switching between SIM cards once they leave their host country. Callers from the three locations can reach users at their respective local mobile numbers through just one SIM card. Going forward, we plan to leverage the synergies of our three core businesses to strengthen our flagship brands - ChinaOne, CM Mobile and CM Concept. We will continue making inroads into China through our strategic partners, and will expand our services to Vietnam, South Korea, Australia and the UK. We look forward to another year of growth, and thank you for your support. *Payments made between operators to transfer
calls over each other's networks Recent Announcements Aug 1 Jul 30 Jul 22 The Group experienced a profit turnaround of HK$10.2 million (S$2.3 million) and increased turnover to HK$735.6 million (S$165.8 million). Turnover for three core business are : Telecommunications Networks : HK$456,400,000
(S$102.9 million)(80% increase) Jul 10 http://www.chinamotion.com/eng/invest/anno/a20030710.pdf Jun 30 The Tri-SIM mobile service marks the beginning of what CM Mobile calls the “Post-Roaming Era” - taking communications beyond conventional carrier technologies and simplifying the processes for greater customer value. Latest Figures China Motion Netcom Geographical coverage for IDD business includes major cities of China (Beijing, Shanghai,), Asia (Singapore, Taiwan, Japan, Vietnam) and North America (San Francisco, Los Angeles, New York, Vancouver, Toronto). New offices opened in the first half of 2003: Taiwan, New York, Vancouver, Toronto CM Mobile Presentation/Press Release Materials Available Presentations and press releases from recent briefings are available through the links below and our agency Golin/Harris in Singapore and iPR in Hong Kong http://www.chinamotion.com/eng How To Reach Us Corporate Communications Team China Motion Telecom
Golin/Harris (Singapore) iPR Asia Ltd (HongKong) |