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2003-2-14 09:13:00 a.m. HKT, XFNA
Vodatel Networks H1 net profit 25.8 mln hkd vs 47.1
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HONG KONG (AFX-ASIA) - Vodatel Networks Holdings Ltd (8033.HK) said its
first half to December net profit fell to 25.8 mln hkd from 47.1 mln, a
result which it attributed to the lag effect from the restructuring of the
telecommunications industry in China.
Vodatel Networks said sales for the half fell to 284 mln from 384.1 mln,
although its gross profit margin remained steady at 24 pct.
Company chairman Jose Manuel Dos Santos said the company's second quarter
performance was stronger than the first.
Sales in the three months to December rose to 197.1 mln hkd from 173.1
mln a year earlier, while net profit for the period was steady at 20.1 mln.
The company maintained its interim dividend payment at 0.01 hkd a share.
lyndal.mcfarland@afxnews.com
lmf/tr
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