Hong Kong, 24 October 2024 – HGC Global Communications Limited (HGC), a fully-fledged ICT service provider and network operator with extensive global coverage, announced robust business performance for the fiscal year 2024.
Highlight of Business Performance:
- In the consumer market, 71% of HGC’s residential broadband users are currently using fiber-to-the-home (FTTH) of 1,000M or higher, representing a year-on-year increase of six percentage. The number of residential users exceeds 400,000, with over one million customers using HGC services, the Group positions one of the leading companies in Hong Kong
- In the corporate segment, the revenue from HGC’s one-stop Managed Services grew by 33% in FY2024 compared to FY2019. Gross profit from ICT solutions increased by 306% compared to FY2019. Additionally, the performance in internet services has been robust, with a significant increase of 27% in the number of lines since FY2019.
- In the small and medium-sized enterprise (SME) sector, the number of SME customers using fiber broadband increased by 28% year-on-year, achieving growth for three consecutive years.
- In international business, HGC will continue to use Hong Kong as center hub while actively expanding and investing in emerging markets in Asia. In the Philippines, it successfully rolled out over 1,500 kilometers of optic infrastructure and installed more than 6,000 strategic access points, with ongoing expansions. In Asia, HGC has successfully built a Data Center Interconnection (DCI) clusters, connecting mature data center hubs, such as Hong Kong and Singapore, with emerging hubs in the Philippines, Thailand, and Malaysia, currently linking over 55 data centers.
- HGC has launched an AI-empowered Security Operations Center (SOC) that provides true 24/7 comprehensive digital and cybersecurity services, aimed at delivering cybersecurity services to corporate clients and Secured Broadband services to SMEs.
Andrew Kwok, Chief Executive Officer of HGC Group, said, “Thanks to the collective efforts of all our employees, HGC has achieved steady business performance and growth this year. The Group adopts a sustainable long-term business model and uses Hong Kong as center. We are committed to continuously enhancing telecommunications and ICT infrastructure to improve the digital capabilities of all sectors, further reinforcing Hong Kong’s position as a regional leader. HGC will continue to closely monitor the demands and trends of international markets and strengthen interconnections with overseas regions.”
Photo caption: HGC hosted the 2024 Business Performance & Development Update Media Briefing
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