PCCW Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported revenue of HKD 38,384 million against HKD 39,314 million a year ago. Profit before income tax was HKD 4,227 million against HKD 4,440 million a year ago. Profit attributable to equity holders of the company was HKD 2,051 million or 26.76 cents diluted per share against HKD 2,295 million or 30.54 diluted per share a year ago. Core revenue was HKD 38,210 million against HKD 39,149 million a year ago. Core EBITDA was HKD 12,506 million against HKD 12,139 million a year ago. Consolidated EBITDA was HKD 12,226 million against HKD 11,878 million a year ago. Group capital expenditure for the year ended December 31, 2016 was HKD 3,227 million against HKD 3,534 million a year ago, of which HKT accounted for about 89% in 2016 (2015: 86%). A significant proportion of the capital investments made by the group for the year were attributable to the network integration for the Mobile Business and the continued capital investment for the Telecommunications Services Business at HKT. The remainder of the investments was largely for the upgrading of broadcasting equipment in the Media Business and enhancement of data centre infrastructure in the Solutions Business. Core revenue was negatively a slowdown in mobile handset sales.