The latest announcement is out from CITIC Telecom International Holdings ( (HK:1883) ).
CITIC Telecom International Holdings reported a challenging financial year in 2024, with a 4.1% decrease in total revenue and a 26.1% drop in profit attributable to equity shareholders. Despite these financial setbacks, the company has been actively expanding its digital and intelligent services, particularly in the Macau market, where it holds a significant market share in both mobile and broadband sectors. The launch of new services such as the 5.5G service and innovative platforms like ‘GameOnTheGo’ and ‘Dr. Easy Smart Healthcare Platform’ highlight the company’s strategic focus on integrating new-generation digital technologies to drive growth and maintain its leading position.
More about CITIC Telecom International Holdings
CITIC Telecom International Holdings Limited operates in the telecommunications industry, focusing on digitalisation and intelligentisation. The company offers services such as 5G and broadband in Macau, with a strong market presence in mobile and broadband sectors.
YTD Price Performance: 8.97%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.17B
Find detailed analytics on 1883 stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com