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China Telecom Q1 revenues fall 0.5% on sharp drop in handset sales

2019-04-29 12:30:00| Telecompaper Headlines

(Telecompaper) China Telecom reported a small decrease of 0.5 percent in first-quarter revenues, to CNY 91.53 billion, hurt by a sharp fall in handset sales. EBITDA increased 14.1 percent to CNY 30.24 billion, helped by the new accounting standards and lower operating costs, and net profit rose 4.5 percent to CNY 5.96 billion.

Tags: sales china fall drop

Category:Telecommunications

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