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<Results> China Tower (00788.HK) 1Q Net Profit RMB3.985B Up 31.8%
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China Tower (00788.HK) announced its first-quarter results. Operating revenue was RMB25.146 billion, up 1.5% YoY. Net profit reached RMB3.985 billion, representing growth of 31.8% YoY. EBITDA amounted to RMB15.366 billion, down 11.2% YoY, with an EBITDA margin of 61.1%.

As of end-March, the number of tower sites reached 2.16 million, while tower tenants totaled 3.872 million, representing a net increase of 16,000 tenants from the beginning of the year. (de/d)

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