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Citic Telecom's half-year revenue drops 11%, on declining equipment, handset sales

Thursday 15 August 2019 | 11:43 CET | News
Hong Kong operator Citic Telecom saw its profit reach HKD 511.1 million for the six months ended 30 June 2019, which represents an increase of 4.6 percent year-on-ear. Excluding the valuation gain on investment property, the growth was 5.2 percent, Citic also said. The Group's total revenue was HKD 4.37 billion for the 6-month period, which represents a drop of 11 percent compared to the corresponding period of the previous year. The decline was mainly due to decreasing sales of equipment and mobile handsets, the company said.

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Categories: Mobile & Wireless
Countries: Hong Kong / Macau
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