China Tower Reports Growth and Dividend Plan
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China Tower Reports Growth and Dividend Plan

China Tower (HK:0788) has released an update.

China Tower Corporation Limited reported a 3.8% increase in operating revenue to RMB48,247 million for the first half of 2024, with EBITDA up 3.2% and a 10.1% rise in profit attributable to owners at RMB5,330 million. The company experienced significant improvement in cash flow, proposing an interim dividend of RMB0.01090 per share, and committing to a cash dividend distribution of not less than 75% of its annual distributable net profit for 2024. These positive financial results reflect China Tower’s growth and commitment to shareholder value amidst its strategic business expansions.

For further insights into HK:0788 stock, check out TipRanks’ Stock Analysis page.

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