An announcement from China Tower ( (HK:0788) ) is now available.
China Tower Corporation Limited reported steady financial growth for the year ending December 31, 2024, with operating revenue increasing by 4.0% to RMB97,772 million. The company saw significant growth in its Smart Tower and DAS businesses, contributing to an overall improvement in profitability, with EBITDA rising by 4.7% and net profit by 10.0%. The company maintained a healthy financial position with a gearing ratio of 31.0% and increased shareholder returns, recommending a final dividend of RMB0.30796 per share, marking an 11.5% increase from the previous year. These results underscore China Tower’s strategic focus on enhancing its core operational capabilities and competitiveness in the digital infrastructure sector.
More about China Tower
China Tower Corporation Limited is a joint stock company incorporated in the People’s Republic of China, specializing in digital infrastructure services. It focuses on the telecommunications sector, providing services such as tower infrastructure, indoor distributed antenna systems, and smart tower solutions, with a strategic emphasis on becoming a leading provider of integrated digital infrastructure and new energy applications.
YTD Price Performance: -5.39%
Average Trading Volume: 5,491
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $25.87B
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