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China Tower's Q1 net profit increases by 15.0% y/y

Updated:2023/4/24 14:37

In Q1 2023, China Tower Corporation achieved operating revenue of RMB 23.199 billion, a year-on-year increase of 2.5%; net profit attributable to the company's shareholders was RMB 2.506 billion, a year-on-year increase of 15.0%; EBITDA was RMB 16.112 billion, a year-on-year increase of 2.7%, and the EBITDA margin was 69.5%.

The revenue from operator business was RMB 20.533 billion, a year-on-year decrease of 1.1%; among them, the revenue from tower business was RMB 18.832 billion, a year-on-year decrease of 3.0%; the revenue from indoor distributed antenna system (DAS) business was RMB 1.701 billion, a year-on-year increase of 27.1%.

 Source:C114
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