China Communications Services Shows Solid Growth

China Communications Services (HK:0552) has released an update.

China Communications Services Corporation Limited reports a 1.7% increase in total revenues to RMB 74,412 million for the first half of 2024, with service revenue climbing 3.0% and net profit rising by 4.4%. The company’s growth is attributed to seizing opportunities in digital transformation and green transformation, leading to a steady increase in operating results and efficiency. The firm also made significant advancements in strategic emerging industries, showing over 40% growth in new contracts value.

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