Operator
Good afternoon, ladies and gentlemen. Welcome to the SmarTone Telecommunications Holding Limited’s Annual Results Announcement and Management Presentation for the financial year 2024-’25.
Before we start, may I introduce you to the executives with us here today. Ms. Fiona Lau, Executive Director and Chief Executive Officer. Mr. Stephen Chau, Executive Director and Chief Technology Officer; and Mr. Danny Ho, Chief Financial Officer.
The briefing will first begin with a slide presentation by the SmarTone management, followed by question and answer session. [Operator Instructions] Now may I invite Ms. Lau to begin with the presentation, please.
Yeuk-hung Lau
CEO & Executive Director
Good afternoon, and welcome to SmarTone’s FY ’25 Annual Results Presentation. For today’s presentation, Stephen and I will first take you through the business review. After that, Danny will take you through the financial results.
In FY ’24-’25, SmarTone continued to brace for challenges in the operating environment, with uncertain macro conditions and fluctuating consumer sentiment, exerting additional pressure onto an already saturated competitive market landscape. We are reporting a stable revenue with 2% growth in profit after tax. We have intensified cost management efforts to drive productivity, achieving continuous savings over the past years. These savings have enabled us to sustain investment in our network infrastructure, while also enhancing our agility in serving customers and investing in new growth opportunities to meet the evolving customer needs.
We have delivered 4% of OpEx savings, 10% core CapEx savings, while continuing to provide high-quality services and network experience. We are committed to evolve into a leaner organization and reinvest resources to serve our customers better. With the adoption of AI and a
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