HKEX | 788
Net profit of China Tower up by 36% last year
China Tower (788) announced the annual result for last year. Recorded operating income was up 4.6% to RMB 71.82 billion, of which tower business revenue increased by 2.3% to RMB 68.59 billion. EBITDA increased 3.5% to RMB 41.77 billion. Net profit of the year was RMB 2.65 billion, up 36.4% year on year. Earning per share was RMB 0.0179 and the final dividend was RMB 0.225 cents.
During the year, the number of tenants was up 12% to 3.009 million, 2.837 million of which are tower tenants, up 7.3% year on year. The number of sites increased by 4% to 1.947 million. Tenancy ratio was up 7.6% to 1.55 tenant per site. Average annual revenue per site was RMB 37,000 per site. As of the end of 2018, the company covered commercial buildings with a total area of approximately 1461 million square meters and also covered a cumulative length of approximately 2,887 kilometers of subways and approximately 17,691 kilometers of high-speed railways in terms of telecommunications network coverage.