China Tower (HK:0788) has released an update.
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China Tower Corporation Limited reported a 3.8% increase in operating revenue to RMB48,247 million for the first half of 2024, with EBITDA up 3.2% and a 10.1% rise in profit attributable to owners at RMB5,330 million. The company experienced significant improvement in cash flow, proposing an interim dividend of RMB0.01090 per share, and committing to a cash dividend distribution of not less than 75% of its annual distributable net profit for 2024. These positive financial results reflect China Tower’s growth and commitment to shareholder value amidst its strategic business expansions.
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