Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 香港 寬頻 H O N G K 0 N G BROADBAND NETWORK HKBN Ltd. 香港 寬頻 有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 1310 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 28 FEBRUARY 2021 ( Unless otherwise stated , all monetary figures in this announcement are in Hong Kong dollars . ) The Board of Directors ( the " Board " ) of HKBN Ltd. ( the “ Company ” ) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries ( collectively , the " Group " ) for the six months ended 28 February 2021 ( “ 1H2021 " ) . These results were based on the unaudited consolidated interim financial statements for 1H2021 , which were prepared in accordance with the Hong Kong Accounting Standard ( “ HKAS ” ) 34 , Interim financial reporting , issued by the Hong Kong Institute of Certified Public Accountants ( " HKICPA " ) . Since the start of COVID - 19 , we have received government subsidies from the regions we operate in and have substantially passed all of these to our Talents . This set of results are inclusive of those pass through : * Revenue and EBITDA continued to grow year - on - year at 40 % and 2 % , respectively , to $ 6,230 million and $ 1,312 million , while Adjusted Free Cash Flow ( " AFF ” ) dropped year - on - year by 11 % to $ 391 million mainly due to the one time premium paid on senior notes redemption . Core AFF after excluding premium paid on senior notes redemption increased by 7 % year - on - year to $ 505 million . Revenue increased by 40 % year - on - year to $ 6,230 million , which was mainly contributed by six months of operating results of HKBN JOS * . Reported EBITDA increased by 2 % to $ 1,312 million mainly contributed by the smooth integrations with WTT # and HKBN JOS which brought operational efficiencies to the Group . The Board has recommended the payment of an interim dividend of 39 cents per share ( 1H2020 : 37 cents per share ) , resulting in a 5 % year - on - year increase . HKBN JOS represents HKBN JOS Holdings ( C.I. ) Limited and its subsidiaries , Adura Hong Kong Limited and ADURA CYBER SECURITY SERVICES PTE . LTD .. # WTT represents HKBN Enterprise Solutions Development Ltd and its subsidiaries . − 1 - -