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<Results>CHINA TOWER (00788.HK) 1Q24 NP Lifts 11.1% to RMB2.784B
Recommend 20 Positive 36 Negative 16 |
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CHINA TOWER (00788.HK) announced its 1Q24 results ended March. Net profit was RMB2.784 billion, rising 11.1% YoY. EBITDA reached RMB16.597 billion, elevating 3% YoY. Operating revenue for 1Q was RMB23.974 billion, an increase of 3.3% YoY. Revenue from the TSP Business grew 2.2% to RMB20.984 billion, while that from Smart Tower Business and Energy Business elevated 21% and 0.8% to RMB1.974 billion and RMB957 million respectively. As of the end of March this year, the company had a total of 2.059 million tower sites and 3.701 million tower tenants, representing a net increase of 43,000 tenants compared with the end of 2023, and the average number of tenants per tower site was 1.8. AAStocks Financial News |
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