China Telecom Reports Strong Mid-Year Growth

China Telecom (HK:0728) has released an update.

China Telecom Corporation Limited has reported a robust interim financial performance for the first half of 2024, with operating revenues up by 2.8% to RMB268.0 billion and net profit climbing 8.2% to RMB21.8 billion. Service revenues outpaced the industry, increasing by 4.3%, while the company also announced a generous interim dividend up 16.7% year-on-year, signaling strong profitability and confidence in its future.

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