AsiaInfo Faces Challenges but Remains Optimistic

AsiaInfo Technologies Limited (HK:1675) has released an update.

AsiaInfo Technologies Limited reported a challenging first half in 2024, with an 8.8% decline in revenue to RMB2,994 million and a net loss of RMB70 million, primarily due to pressures in their BSS and traditional business segments. Despite this, their ‘Three New Business’ domains saw a 10% revenue increase, and the company remains optimistic about a rebound with expected profit growth and a stable final dividend yield of 9.0% for the full year.

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