China Telecom First Quarter 2024 Earnings: EPS: CN¥0.09 (vs CN¥0.087 in 1Q 2023)

China Telecom (HKG:728) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥134.5b (up 3.0% from 1Q 2023).
• Net income: CN¥8.60b (up 7.7% from 1Q 2023).
• Profit margin: 6.4% (up from 6.1% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.09 (up from CN¥0.087 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Telecom Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Telecom industry in Hong Kong.

Performance of the Hong Kong Telecom industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - China Telecom has 1 warning sign we think you should be aware of.

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