contents 2milestones of the decade 4results highlights 6chairman s statement operations report 9operating environment 12pay tv service 13internet and multimedia services 16hong kong cable enterprises limited 16programming 20network technology 20corporate community affairs 24outlook 1997 1995 1994 1992 1993 july obtained73 growthofviewership from1996tobecome oneofhongkong topfivemedia september completedfibretrunk hfcconversion programmebegan october launchedcineplex pay per viewservice offeringmoviesand top notchsportsevents hongkonggovernment invitedtendersfor subscriptiontelevision licence june hongkongcable formerlywharfcable awardeda 12 yearlicence wentonairwith eightchannels asia sfirst 24 hournews channellaunched 73 milestones 2002 2001 2000 1999 1998 february i cablebroadband serviceavailableto 1millionhomes august commenceddigital broadcasting migrationplan december achievedsevenfold increaseinannual netprofitandstarted topayadividend january receivedftnslicence march serviceformally launched usingcable modemtechnology firstannualnet profitachieved may hfcnetworkpassed 600 000homes achievedlastmilestone undersubscription televisionlicence cabledial upinternet accessservicelaunched cablecommunications limitedincorporated 50 000hoursofnon stop newsaired november limitedsuccessfullylisted onnasdaqintheusand hongkongstock exchange april launchoffullydigitised newsproductioncentre firstinhongkong exclusivelivebroadcast of2002fifaworldcup more than just television a way hong life today annual reporti communications 4 ebitda capital expenditure historical trend turnover increased by to hk 2 161 million 1 931 against backdrop weak economy poor consumer sentiments
