3 subs up 10pc, revenues up 7pc

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3 UK has increased its customer base by 10 per cent to over 4.8 million in the first six months of 2008 compared with the same period last year.

Contract customers represented 65 per cent of the total number up from 62 per cent at the end of 2007 and mobile broadband customers during the period increased five-fold to over 400,000.

3 UK’s profits were up with revenue of £772 million, a growth of seven per cent and an improved LBIT (losses before interest and tax) of 65 per cent – down to tight budgeting and reduced depreciation charges, said 3.

Churn also improved averaging at 2.9 per cent in the first half of the year compared with 3.6 per cent in H1 2007. This was due to a reduced number of contract customers canceling their connections.

But ARPU over 12 months went down by five per cent to £37.03 which 3 claimed is due to the new international roaming rates introduced in April and August 2007.

The umbrella group Hutchison received total revenue of HK$ 176,219 million, up 25 per cent from H1 2007. First half profit increased 199 per cent, excluding profits on property revaluation and disposals of investments and others.

"The results of first half of this year reflect the improved performance from all our established businesses and the continuing progress of the 3 Group.

"The Group’s financial position remains strong with total cash and liquid funds on hand at 30 June of HK$172,289 million," said Hutchison chairman Li Ka-shing.

"Looking ahead, the Group’s businesses are expected to continue to perform well. I have full confidence in the long term future prospects of the Group."

 

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