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<Result Ann>CHINA TELECOM 2023 NP Lifts 10.3% YoY to RMB30.446B; Final Div. Rises to RMB9 Cents
CHINA TELECOM (00728.HK) announced its annual results for the year ended December 2023. Net profit was RMB30.446 billion, hiking 10.3% YoY, with an EPS of RMB0.33. EBITDA increased...
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<Result Ann>CHINA TELECOM 2023 NP Lifts 10.3% YoY to RMB30.446B; Final Div. Rises to RMB9 Cents
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CHINA TELECOM (00728.HK)  -0.040 (-0.901%)    Short selling $23.55M; Ratio 7.781%   announced its annual results for the year ended December 2023. Net profit was RMB30.446 billion, hiking 10.3% YoY, with an EPS of RMB0.33. EBITDA increased by 5% to RMB136.8 billion. Capital expenditure for the year was RMB98.8 billion, rising 6.8% YoY.

Dividend History
Announce DateEventParticular
2023/10/20Quarter 3No Dividend
2023/08/08InterimD:RMB 0.1432(equivalent to HKD 0.156524)
2023/04/20Quarter 1No Dividend
2023/03/22FinalD:RMB 0.0760(equivalent to HKD 0.085065)

A final dividend of RMB9 cents per share was declared, compared to RMB7.6 cents a year earlier. Together with the interim dividend of RMB14.32 cents per share, the total dividend for 2023 will be RMB23.32 cents per share, representing a 19% YoY increase and a payout ratio of nearly 70.67%. CHINA TELECOM also pledged to increase its dividend payout ratio to more than 75% within three years from 2024.

Related NewsBOCI: CHINA TELECOM Results Outstanding; Industrial Digitalization Margins Close to Traditional Telecom Biz
During 2023, CHINA TELECOM logged operating revenue of RMB513.551 billion, up 6.7% YoY. Among them, service revenue was RMB465 billion, lifting 6.9%. Revenue from mobile communications services reached RMB195.7 billion, elevating 2.4%. With a subscriber base of 408 million, mobile ARPU reached RMB45.4, a YoY increase of 0.4%. Revenue from wireline and smart family services grew 3.8% to RMB123.1 billion, while revenue from industrial digitalisation business spiked 17.9% to RMB138.9 billion.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-26 16:25.)
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