i-CABLE Communications Limited reported consolidated earnings results for the year ended December 31, 2014. Consolidated turnover decreased by 14% to HKD 1,666.7 million against HKD 1,931.8 million last year. Profit from operations before depreciation was HKD 87.7 million against HKD 149.4 million last year.

Loss from operations was HKD 138.8 million against HKD 87.8 million last year. Loss before taxation was HKD 139.3 million against HKD 90 million last year. Loss attributable to equity shareholders of the company was HKD 139.5 million or 6.9 cents per basic and diluted share against HKD 92.9 million or 4.6 cents per basic and diluted share last year.

EBITDA was HKD 93.2 million against HKD 151.5 million last year. LBIT was HKD 133.3 million against HKD 85.7 million last year. Capital expenditure during the period amounted to HKD 188 million against HKD 149 million last year.

As of December 31, 2014, the Group had net debt of HKD 38 million against net cash of HKD 182 million in 2013.