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CHINA TELECOM Opens 2%+ Lower as 1Q NP Sags 17%
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CHINA TELECOM (00728.HK) reported a 17.1% YoY shrinkage in net profit to RMB7.35 billion for 1Q, weighing on its share price. The stock opened 2.35% lower today (24th) at HKD4.99, with 1.308 million shares traded in pre-market block trades, involving HKD6.5269 million. For 1Q, CHINA TELECOM's operating revenue decreased 2.6% YoY to RMB131.967 billion. Net profit fell 17.1% YoY to RMB7.35 billion. Auto-translated by AI AASTOCKS Financial News |
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