China Tower's H1 Net Profit up 16.9% YoY

Updated:2020/8/12 17:55

According to the latest financial statement of China Tower, the company saw a total revenue of 39.79 billion yuan in 1H 2020, a YoY increase of 4.8%. Net income attributed to shareholders was 2.97 billion yuan, which marked an increase of 16.9% compared with the same period of last year.

By the end of June 2020, China Tower has 2.01 million tower sites, 21,000 sites more than the record at the end of 2019. Total number of operator tower tenants reached 3.12 million as of 1H 2020, an increase of 61,000 from the end of last year. In the first half of 2020, total revenue of tower business reached 36.37 billion yuan, a YoY increase of 1.6%. Tower tenancy ratio rose from 1.58 to 1.64, which indicates a further advanced level of sharing.

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