SmarTone Announces Robust Annual Financial Results

SmarTone Telecommunications Holdings (HK:0315) has released an update.

SmarTone Telecommunications reported a 75% increase in profit attributable to equity holders at $470 million, maintaining a stable underlying profit from the previous year. The company saw a service revenue growth of 2%, a customer base increase to 2.71 million, and a significant 44% rise in roaming revenue, with 5G penetration nearing 40%. Additionally, SmarTone proposed a consistent annual dividend of 32.0 cents per share, reflecting the company’s strong performance in areas such as 5G Home Broadband and Enterprise Solutions.

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