About Hutchison         Financial & Operational Highlights         Chairman's Message         CEO's Message         Review of Operations         Corporate Social Responsibility         Senior Management         Board of Directors         Corporate Governance         Directors' Report         Financial Report         Corporate Directory        
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In 2008 Hutchison continued to grow strongly with double-digit growth in customer numbers, revenue and margin.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by $86.0 million to $200.0 million, and Hutchison's net loss position improved by 42.8% to $163.1 million.

Hutchison realised a full year of benefits from its reduced debt position.

With all measures of profitability improving during the year, Hutchison was Earnings Before Interest and Tax (EBIT) positive during the fourth quarter of 2008.

In early 2009, Hutchison and Vodafone announced a proposal to merge their telecommunications businesses in Australia, in a 50-50 joint venture.