Top News
China Tower reports stable H1 growth
Last Updated: 2019-08-12 15:50 | Xinhua
 Save  Print   E-mail


China Tower, China's telecoms tower infrastructure services provider, saw its net profit surge 110.6 percent year-on-year in the first half of 2019, amid 5G market opportunities.

The company reported H1 net profit of 2.55 billion yuan ($362.1 million), while its H1 revenue reached 37.98 billion yuan, up 7.5 percent from a year ago, its earnings report showed.

Specifically, the revenue from tower business increased 5.1 percent year-on-year to 35.81 billion yuan, while that of non-tower business accounted for 5.7 percent of the total, up 2.1 percentage points from one year earlier.

As of the end of June, the company managed a total of 1.95 million tower sites, up 4 percent year-on-year, according to the report.

While China granted 5G license for commercial use, the company has unveiled plans to help telecommunications operators launch 5G services in various Chinese cities.


Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2020 China Economic Net. All right reserved
China Tower reports stable H1 growth
Source:Xinhua | 2019-08-12 15:50
Share to