CITIC Telecom International Holdings (HK:1883) has released an update.
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CITIC Telecom International Holdings has issued a profit warning, anticipating a 25% to 30% decrease in profit for 2024 compared to the previous year. This decline is attributed to adjustments made by customers in response to changing external factors, impacting revenue from international telecommunications services. Despite the challenges, the company is focused on consolidating its traditional telecom businesses while accelerating business expansion and transformation.
For further insights into HK:1883 stock, check out TipRanks’ Stock Analysis page.