CITIC Telecom Reports 1.7% Drop in Total Revenue and 2.1% Decline in Telecom Services Revenue for H1 2025; Profit Attributable to Shareholders Rises by 1.3%, EPS Up 1.6%
Reuters
Sep 09
CITIC Telecom Reports 1.7% Drop in Total Revenue and 2.1% Decline in Telecom Services Revenue for H1 2025; Profit Attributable to Shareholders Rises by 1.3%, EPS Up 1.6%
CITIC Telecom International Holdings Ltd. reported a total revenue of HK$4.807 billion for the first half of 2025, marking a decrease of 1.7% compared to HK$4.889 billion in the corresponding period of the previous year. Revenue from its principal business of telecommunications services amounted to HK$4.072 billion, down 2.1% from HK$4.160 billion in the same period last year. The sales of mobile handsets and equipment rose slightly by 0.8% to HK$735 million. Basic earnings per share increased by 1.6% to HK12.5 cents compared to the first half of 2024. Despite the decline in total revenue, the company emphasized its sound and stable operating efficiency, aiming to become a leading digitalized and intelligentized telecommunications enterprise in the Asia Pacific region.
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