Citic Telecom First-Half Profit Rose as Finance Costs Fell

Dow Jones

Aug 15

By Megan Cheah

Citic Telecom International's first-half profit rose despite weaker revenue, helped by lower finance costs.

Net profit for the first six months of the year increased 1.3% to 461 million Hong Kong dollars, equivalent to US$58.9 million, the Hong Kong-listed telecommunications company said Friday.

Revenue fell 1.7% from a year earlier to HK$4.81 billion. Lower sales from the enterprise solutions and fixed-line services segments offset the better performance in the mobile services, internet services and international telecommunication services divisions, the company said.

Finance costs declined 26% to HK$93 million for the period. The company said it refinanced US$450 million of bonds with several banks and repaid HK$394 million using its surplus fund.

Citic Telecom declared an interim dividend of 6 Hong Kong cents, unchanged from a year ago.

The company said it plans to enhance its application of digital tools such as big data and artificial intelligence to improve efficiency. It also aims to deepen collaboration in specialized areas to drive new businesses and market expansion.

Write to Megan Cheah at megan.cheah@wsj.com

(END) Dow Jones Newswires

August 15, 2025 06:22 ET (10:22 GMT)

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It also aims to deepen collaboration in specialized areas to drive new businesses and market expansion. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Megan Cheah at megan.cheah@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 15, 2025 06:22 ET (10:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1230","symbol_name":"工业集团企业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2559915087","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559915087","pubTimestamp":1755253320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Citic Telecom International's first-half profit rose despite weaker revenue, helped by lower finance costs.Net profit for the first six months of the year increased 1.3% to 461 million Hong Kong dollars, equivalent to US$58.9 million, the Hong Kong-listed telecommunications company said Friday.Revenue fell 1.7% from a year earlier to HK$4.81 billion. 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It also aims to","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1230":"工业集团企业","00267":"中信股份","01883":"中信国际电讯","BK1108":"非传统电信运营商"},"translate_title":"融资成本下降中信国际电讯上半年盈利上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00267":1,"01883":0.9},"content_text":"By Megan Cheah \n\n\n \n\n\nCitic Telecom International's first-half profit rose despite weaker revenue, helped by lower finance costs. \n\n\n  Net profit for the first six months of the year increased 1.3% to 461 million Hong Kong dollars, equivalent to US$58.9 million, the Hong Kong-listed telecommunications company said Friday. \n\n\n  Revenue fell 1.7% from a year earlier to HK$4.81 billion. Lower sales from the enterprise solutions and fixed-line services segments offset the better performance in the mobile services, internet services and international telecommunication services divisions, the company said. \n\n\n  Finance costs declined 26% to HK$93 million for the period. The company said it refinanced US$450 million of bonds with several banks and repaid HK$394 million using its surplus fund. \n\n\nCitic Telecom declared an interim dividend of 6 Hong Kong cents, unchanged from a year ago. \n\n\n  The company said it plans to enhance its application of digital tools such as big data and artificial intelligence to improve efficiency. It also aims to deepen collaboration in specialized areas to drive new businesses and market expansion. \n\n\n \n\n\n  Write to Megan Cheah at megan.cheah@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 15, 2025 06:22 ET (10:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}