CITIC Telecom International Forecasts Up to 30% Drop in 2024 Profit

MT NewswiresDec 13 18:27

Citic Telecom International Holdings Sees 2024 Net HK$860M-Net HK$920M, Down 25%-30% on Year >1883.HK

Dow JonesDec 13 16:49

CITIC TELECOM (01883.HK) expects to record a Shareholder attributable profit of 0.86 billion Hong Kong dollars to -0.92 billion Hong Kong dollars for the 2024 fiscal year.

According to Glorious Investment on December 13, CITIC TELECOM (01883.HK) announced that the group expects to record a profit attributable to Shareholders for the year ending December 31, 2024 ("2024 fiscal year") between 0.86 billion HKD and 0.92 billion HKD, a decrease of 25% to 30% compared to the year ending December 31, 2023.

Gelonghui FinanceDec 13 16:42

In the profit warning, CITIC TELECOM (01883.HK) expects full-year earnings to decrease by at least 25% year-on-year.

CITIC TELECOM (01883.HK) has issued a profit warning, expecting that for the fiscal year ending December 31, 2024, the profit attributable to Shareholders will be between 0.86 billion and 0.92 billion yuan, a decrease of 25% to 30% compared to the fiscal year ending December 31, 2023. CITIC TELECOM explains that in the first half of 2024, the profit attributable to Shareholders decreased by 37% year-on-year, mainly due to various external environmental changes. Since the second half of 2023, some clients have made corresponding Business adjustments, resulting in a significant year-on-year decrease in international telecom business revenue in the first half of 2024, which has also led to the above preliminary expectations.

AASTOCKSDec 13 16:42

CITIC TELECOM: Inside Information Announcement - Profit Warning

HKEXDec 13 16:40 · Announcements

Express News | China Communications Enterprise Association: To ensure the security and stability of the information communication industry chain and supply chain, caution should be exercised in purchasing American chips.

BreakingsDec 3 18:32