Hutchison Telecom Australia 1st Half Net Profit A$552.0 Million
August 10 2009 - 11:35PM
Dow Jones News
Hutchison Telecommunications (Australia) Ltd. (HTA.AU) said
Tuesday that it swung to a first half net profit of A$552.0
million, boosted by the sale of its "3" business into a new joint
venture with Vodafone Australia.
In a statement, the group said its loss for the year, excluding
the A$587.3 million profit on the sale, was A$35.3 million,
compared to a net loss of A$85.4 million a year earlier.
Revenue for the six months to June 30 rose 19.4% to A$912.5
million from a year earlier.
The group didn't declare an interim dividend.
-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093;
lyndal.mcfarland@dowjones.com
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