China Unicom (Hong Kong) Reports Third Quarter 2024 Earnings

China Unicom (Hong Kong) (HKG:762) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥92.8b (up 3.3% from 3Q 2023).
• Net income: CN¥5.24b (up 7.9% from 3Q 2023).
• Profit margin: 5.6% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.17.

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

China Unicom (Hong Kong) Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Hong Kong.

Performance of the Hong Kong Telecom industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for China Unicom (Hong Kong) that you should be aware of before investing here.

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