HK Stock Price Fluctuated | CITIC TELECOM (01883) falls by more than 4%, full-year revenue of HK$9.987 billion, a slight decline of 1.2% year-on-year.

CITIC TELECOM (01883) continued to decline after its performance announcement, falling by over 4% this afternoon. As of the time of writing, it dropped by 4.17% to 2.76 Hong Kong dollars, with a trading volume of 96.6171 million Hong Kong dollars. In terms of news, CITIC TELECOM announced its full-year financial results. The revenue was 9.987 billion Hong Kong dollars, a decrease of 1.2% year-on-year; net profit was 1.231 billion Hong Kong dollars, an increase of 3.4% year-on-year; earnings per share were 33.3 cents, with a final dividend of 19.3 Hong Kong cents and an interim dividend of 6 Hong Kong cents. The full-year dividend per share was 25.3 Hong Kong cents, a 3.3% increase from the previous year. In 2023, the group's telecommunications services revenue was 8.569 billion Hong Kong dollars, a decrease of 3.0% or 262 million Hong Kong dollars from the previous year. This was mainly due to a decrease in international telecommunications and fixed-line voice revenue, offset by an increase in mobile communication services, enterprise services, and internet services. During the period, revenue from the sale of mobile phones and devices reached 1.418 billion Hong Kong dollars, an increase of 10.8% or 138 million Hong Kong dollars year-on-year.