PCCW (0008) likely to post 1H01 net profit of HK$921.2 million, vs 1H00 net loss

PCCW (0008) likely to post 1H01 net profit of HK$921.2 million, vs 1H00 net loss of HK$34.9 million. Last year's loss figure is poor comparative base as it doesn't include contribution from former HKT, which PCCW only bought last August. Swing factor is whether PCCW books goodwill provision for its JVs with Telstra: the valuation of both has fallen significantly. For core fixed-line

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