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PCCW posts 18% rise in net profit to $271m for FY09

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PCCW says consolidated profit attributable to equity holders of the company increased by 18% to HK$1,506 million ($271 million) for the year ended December 31, 2009.

Core revenue decreased by 5% to HK$20,855 million; consolidated revenue including PCPD decreased by 22% to HK$25,077 million, reflecting lower property development revenue recognised.

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