ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Nikkei Markets

CITIC Telecom First Half Net Profit Up 10.9% On Enterprise Business Growth

By Hong Kong Newsroom
Nikkei Markets
HONG KONG(Aug 11) -- CITIC Telecom International Holdings, the telecom unit of Chinese conglomerate CITIC, said Friday its net profit for the first half rose 10.9%, helped by growth in its enterprise solutions business and valuation gains on its investment property.

Net profit for the six months ended Jun. 30 stood at HK$454.64 million ($58.15 million) compared to HK$410.01 million a year earlier, the company said in an exchange filing. Revenue fell 6.1% on-year to HK$3.59 billion on a decline in sales of equipment and mobile handsets, which almost halved to HK$434.7 million.

The board declared an interim dividend of 3.00 Hong Kong cents per share, representing a 5.3% growth over the corresponding period of the previous year.
- By Hong Kong Newsroom; hkeditorial@nikkeinewsrise.com; +852 3960 5102
- Edited by Lopamudra Bhattacharya
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media