Citic Telecom's profit up 6%, revenue down 7.8% in 2016

Monday 20 March 2017 | 13:39 CET | News
Hong Kong-based Citic Telecom International saw its group turnover decrease by 7.8 percent to HKD 7.6 billion for the year ended 31 December 2016, from HKD 8.3 billion in 2015. The group recorded growth in both internet and enterprise services, but the weak mobile handset sales and the continued decline in revenue from traditional telecommunications services has resulted in an overall decrease in turnover. Profit and basic EPS amounted to HKD 850.1 million and HKD 24.9 cents, respectively, which represented a year-on-year increase of 6 percent and 4.6 percent compared with 2015.

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Categories: General
Countries: Hong Kong
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EUR 2.6 billion
mobile service revenues
Spain  |  2017 Q4