Summary by Futu AI
CITIC Telecom announced its performance report for the first half of 2024, with a total revenue of HK$4.889 billion, down 8.2% year-on-year; shareholders' net profit was HK$0.455 billion, down 36.9%. Basic earnings per share were 12.3 Hong Kong cents, and the interim dividend per share was 6.0 Hong Kong cents, the same as the same period last year. In response to changes in the external environment, the company actively promotes digital transformation, and mobile communication service revenues increased by 11.6% year-on-year, internet business revenues increased by 4.5%, and enterprise business revenues increased by 6.8%. CTM launched 5.5G commercial services and expanded business coverage in many places around the globe. The group will continue to drive innovation, respond to global economic challenges, and expand new markets.