The latest update is out from SmarTone Telecommunications Holdings ( (HK:0315) ).
SmarTone Telecommunications Holdings Limited reported a 4% increase in profit attributable to equity holders, reaching $256 million, driven by strong growth in their 5G Home Broadband and roaming services. The company has expanded its customer base to 2.87 million, with 5G penetration at 40%, and is leveraging its advanced network capabilities to support Hong Kong’s Smart City initiatives and cater to the needs of new talents relocating to the city. SmarTone’s strategic focus on network quality, customer experience, and cost management positions it well for future growth in the competitive telecommunications market.
More about SmarTone Telecommunications Holdings
SmarTone Telecommunications Holdings Limited, incorporated in Bermuda, operates in the telecommunications industry, focusing on mobile network services and broadband solutions. The company is known for its 5G Home Broadband offerings and international roaming products, catering to both consumer and enterprise customers in Hong Kong.
YTD Price Performance: -1.70%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $617.8M
See more data about 0315 stock on TipRanks’ Stock Analysis page.