Summary by Futu AI
China Telecom released its interim report for 2024 on August 20, 2024, showing that its operating revenue reached 26.801 billion Chinese yuan, a year-on-year increase of 2.8%. During the reporting period, the company's operating expenses were 24.075 billion yuan, and the operating income was 2.726 billion yuan. The net financial cost was 250 million yuan, and the investment income and other income were 84 million yuan. The profit before tax was 2.824 billion yuan, the income tax was 0.627 billion yuan, and the profit for the period was 2.197 billion yuan. The company's shareholders' profit was 2.181 billion yuan, and the basic earnings per share was 0.24 yuan. As of June 30, 2024, the company's total assets were 87.099 billion yuan, total liabilities were 41.032 billion yuan, and total equity was 46.067 billion yuan. The board of directors decided to distribute dividends to all shareholders of more than 70% of the company's shareholders' profit for the first half of 2024, which is 21.81 billion yuan, totaling 15.29 billion yuan, or 0.1671 yuan per share (tax included).
