8:30PM Hong Kong, China - PCCW Limited revenues fell 22% and net profit rose 19%.

PCCW Limited, the fixed-line telecom operator reported 2009 revenues fell 22% to HK25.08 billion from HK$31.95 billion a year ago. Net profit in the year rose 19% to HK$1.51 billion or 22.23 cents per diluted share compared to net profit of HK$1.27 billion or 18.77 cents per share a year ago

PCCW Limited, in the last one year traded as high as HK$4.16 in April 2009 and as low as HK$1.84 in December 2008. Based on the yesterday’s closing price of HK$2.22 the company has market cap of HK$15.03 billion.