HK Stock Market Move | CITIC TELECOM (01883) fell over 6%. The net profit in the first half of the year increased slightly by 0.4% year-on-year, and it plans to distribute an interim dividend of 5 Hong Kong cents.

CITIC TELECOM (01883) fell over 6%, and as of the time of writing, it was down 6.65%, trading at HKD 2.455, with a transaction volume of HKD 35.4479 million. In news, CITIC TELECOM announced its performance for the first half of this year, with the group achieving revenue of HKD 4.748 billion, a year-on-year decrease of 1.23%; the profit attributable to shareholders was HKD 463 million, a year-on-year increase of 0.4%; earnings per share were 12.5 HK cents, and a mid-term dividend of 5 HK cents per share is proposed. For the six months ending June 30, 2026, telecommunications service revenue was HKD 4.078 billion, an increase of HKD 6 million year-on-year. This increase was attributed to the growth in mobile communication services and international telecommunications services, but the decline in revenue from internet services, enterprise services, and fixed-line voice services partially offset the growth.