CITIC Telecom International Forecasts Up to 30% Drop in 2024 Profit

MT Newswires Live12-13

CITIC Telecom International (HKG:1883) expects an attributable profit of between HK$860 million and HK$920 million for the year ending Dec. 31, down 25% to 30% from a year prior, a Friday bourse filing said.

The anticipated drop in profit was mainly due to a relatively large decrease in revenue from international telecommunications services in the first half of 2024.

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