Updated at 6.43pm: PCCW, Hong Kong's leading fixed line telecoms operator, on Thursday reported a 17 per cent fall in interim earnings.
The net profit for the six months to June was HK$796 million, down from HK$954 million a year earlier. Last year's result had included a substantial one-time gain.
The decline in earnings came despite a 20.5 per cent rise in revenue from HK$11.7 billion to HK$14.1 billion.
Some analysts had predicted a higher half-yearly result for this year, according to news reports on Thursday.
The company also announced a dividend of 6.5 HK cents - unchanged from last year.
In the company's earnings announcement, deputy chairman and chief executive Jack So Chak-kwong said the core fixed-line business had grown and PCCW's market share had returned to 68 per cent.
He said the firm's NOW internet television service had seen an increase in the number of customers, a rise in average revenue per user and had added more channels. The firm wanted to maintain its world-leadership in internet protocol television (IPTV) going forwards.