| 2008/09 Interim Results Announcement |
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For the period under review, the Group has begun to fine tune its investment and corporate strategy to capture potential business opportunities. With the need to redeploy capital for future investment and the increasing competitiveness in the international voice business worldwide, the Group has made a strategic decision to divest the wholesale IDD and overseas calling cards business. The divestiture of this business was completed at the end of September 2008 and as a result, the Group has made a substantial gain of approximately HK$216 million from such operation during the review period. Despite a deteriorating global market condition and the melt down of the financial industry, the Group managed to record a slight increase in turnover to HK$334 million, of which HK$110 million was from the continuing operations. The overall gross profit margin was 20%, whereas for the continuing operations, it was 36%. During the period, net profit amounted to HK$208 million, a substantial increase which largely attributed to the gain from the disposal of the discontinued operations. For details, please refer to the announcement published under the section of Investor Relations. For media enquiries, please contact: China Motion Telecom International Limited Cigi Kwok Tel : (852) 2209-2873 Fax : (852) 2209-1873 Email : cigi.kwok@chinamotion.com Address: Room 2604-08, 26/F., Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong |
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