SmarTone Telecommunications' Profit Jumps 75% in Fiscal 2024

MT Newswires Live09-03

SmarTone Telecommunications Holdings' (HKG:0315) attributable profit rose 75% to HK$470.1 million in the fiscal year ended June 30, from HK$268.8 million in the year-ago period, according to a Tuesday filing with the Hong Kong Stock Exchange.

Earnings per share at the telecommunications company increased to HK$0.426 from HK$0.243 in the previous year.

Revenue declined to HK$4.51 billion from HK$4.55 billion a year earlier.

The company declared a final dividend of HK$0.175 per share, payable Nov. 22 to shareholders on record as of Nov. 13.

Shares closed 1% higher during Tuesday's trading.

Price (HKD): $3.84, Change: $+0.040, Percent Change: +1.05%

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