China Tower's Profit Doubled to RMB2,548 Million in the First Half of 2019
https://www.accesswire.com/554958/China-Towers-Profit-Doubled-to-RMB2548-Millionin-the-First-Half-of-2019
HONG KONG, CHINA / ACCESSWIRE / August 7, 2019 / The world's largest telecommunications infrastructure service provider China Tower Corporation Limited ("China Tower", or the "Company") (Stock Code: 0788.HK) is pleased to announce its interim results for the six months ended 30 June 2019.
We maintained stable and healthy growth in the first half of 2019, recording an operating revenue of RMB37,980 million, up by 7.5% over the same period last year. Our operating efficiency enhanced steadily, with EBITDA reaching RMB27,815 million, EBITDA margin[1] was 73.2%. On a comparable basis[2], the EBITDA margin maintained at a satisfactory level of 58.0%. Net profit reached RMB2,548 million, up by 110.6% over the same period last year, demonstrating our improving profitability.