CITIC Telecom International Holdings (HK:1883) has released an update.
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CITIC Telecom International Holdings Limited has issued a profit warning, anticipating a 37% decrease in profit to HK$455 million for the first half of 2024 compared to the same period in 2023. The downturn is attributed to a significant drop in messaging service revenue due to customer adjustments in response to various external factors. Investors are advised to be cautious when dealing in the company’s shares, with final results to be released on August 16, 2024.
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