Operating

A Year-on-year Increase of 237.9% of China Towers Q1 Net Profit

Updated:2019/4/21 22:12

According to the financial report, the operating revenue of China Tower in Q1 is 18.897 billion yuan, an increase of 9.6% compared with the same time last year. The profit that belongs to the corporate owners in Q1 is 1.284 billion yuan, a year-on-year increase of 237.9%.

Among them, the tower business brings the company a revenue of 17.857 billion yuan, an increase of 6.8% over the same period last year. The indoor distribution system brings in 589 million yuan, an increase of 50.6% over the same period last year. The application and information business of cross-sector sites rolls in a revenue of 421 million yuan, an increase of 272.6% over the same period last year.

By March 31, 2019, the number of sites managed by the group reached 1.9675 million, with a total of 3.0762 million tenants, a net increase of 67,000 over the end of the previous year. The average number of in-site tenants stood at 1.56 households.

 Source:C114
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