Summary by Moomoo AI
China Telecom Co., Ltd. ("the Company") announced on June 30, 2024 that for the six months ended June 30, 2024, the Company achieved revenue of 265.973 billion yuan, a year-on-year increase of 2.8%. The net income was 21.966 billion yuan, a year-on-year increase of 8.2%. During the period, the Company continued to promote the "cloud transformation and digitalization" strategy, accelerate the coverage and service quality of 5G networks, and actively expand the industry's digital business. The Company announced that over 70% of the net income attributable to shareholders of the Company for the first half of 2024, which was 21.81 billion yuan, will be distributed to all shareholders as dividends, totaling 15.29 billion yuan, or 0.1671 yuan per share (tax included). In addition, the Company signed a share subscription...Show More