No Data
No Data
CITIC Telecom International Records 37% Lower Profit in H1; Shares Down 20%
CITIC Telecom Announces Digital Push Amidst Revenue Dip
Citic Telecom: Looking to Expand Overseas Business, Including Into Southeast Asia >1883.HK
Citic Telecom (01883.HK) recorded a 36.9% decrease in net profit for the first half of the year, down to 0.455 billion yuan. The interim dividend per share is 6 Hong Kong cents.
On August 16, Guolong News reported that Citic Telecom (01883.HK) announced its interim results. In the first half of 2024, the group's total revenue was HKD 4.889 billion (hereinafter referred to as "yuan"), a decrease of 8.2% from the same period last year; main telecommunications service revenue was HKD 4.16 billion, a decrease of 11.3% from the same period last year. The company's shareholders' attributable net profit was HKD 0.455 billion, a decrease of 36.9% from the same period last year, or a decrease of 36.4% compared to the same period last year without taking into account the impact of investment property revaluation. In the first half of the year, basic earnings per share were 12.3 Hong Kong cents, a decrease of 36.9% from the same period last year. The board of directors announced a distribution of 20.
Citic Telecom 1H Rev HK$4.89B Vs. HK$5.33B >1883.HK
Express News | CITIC Telecom H1 Net Income HKD 455 Million
No Data