trending Market Intelligence /marketintelligence/en/news-insights/trending/XmwdYkTMZHu9-i7pprQkQw2 content esgSubNav
In This List

Tenfu H1 profit falls YOY

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Podcast

Next in Tech | Episode 64: Digital infrastructure – towers and datacenters unite! Sort of...


Tenfu H1 profit falls YOY

Tenfu (Cayman) Holdings Co. Ltd. said its first-half normalized net income was 6 fen per share, a decline of 15.5% from 7 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 75.4 million yuan, a decline of 17.0% from 90.8 million yuan in the year-earlier period.

Total revenue declined 5.8% on an annual basis to 740.9 million yuan from 786.3 million yuan, and total operating expenses declined year over year to 622.5 million yuan from 648.2 million yuan.

Reported net income decreased 17.9% from the prior-year period to 82.1 million yuan, or 7 fen per share, from 99.9 million yuan, or 8 fen per share.

As of Sept. 19, US$1 was equivalent to 6.67 yuan.