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China Telecom's H1 profit jumps 7%, revenue up 4%

2017-08-23 12:27:00| Telecompaper Headlines

(Telecompaper) China Telecom reported operating revenues of CNY 184.1 billion in the first half of 2017, which represents an increase of 4.1 percent year-on-year. Service revenues amounted to CNY 165.8 billion, up 6.8 percent compared to the year-earlier period. EBITDA amounted to CNY 52.4 billion, up 3.7 percent year-on-year, while EBITDA margin stood at 31.6 percent at 30 June 2017. Net profit reached CNY 12.5 billion, representing an increase of 7.4 percent over the same period of 2016.

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China Telecom posts profit growth on 4G adds

2017-08-23 02:00:00| Total Telecom industry news

China Telecom reported strong growth in net profit in the first half of 2017, aided by the addition of more than 30 million 4G customers. The Chinese operator's bottom line came in at 12.54 billion yuan (€1.6 billion) for the six months to the end of June, up by 7.4% on the same period a year earlier, while EBITDA grew by 3.7% to CNY52…read more on TotalTele.com »

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China Unicom H1 profit up 69% on lower revenues

2017-08-14 09:08:00| Telecompaper Headlines

(Telecompaper) China Unicom said it expects its service revenue for the first half of 2017 to reach CNY 124.1 billion, which represents an increase of 3.2 percent year-on-year. Mobile service revenue is expected to be around CNY 76.8 billion, up by 5.2 percent year-on-year. Due to the intense competition in the fixed-line broadband market, China Unicom estimates its broadband access revenue fell year-on-year, resulting in flat fixed-line service revenue of nearly CNY 46.6 billion.

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China Mobile's H1 revenue grows 5%, profit up 3.5%; offers special dividend

2017-08-10 09:42:00| Telecompaper Headlines

(Telecompaper) China Mobile posted operating revenue of CNY 388.9 billion for the first six months of 2017, which represents an increase of 5 percent from the year-earlier period. EBITDA reached CNY 140.7 billion, up 4.7 percent in the period, while profit rose 3.5 percent year-on-year to CNY 62.7 billion in the first half of 2017. The company's board has declared payment of a one-off special dividend of HKD 3.200 per share in celebration of the group's 20th anniversary on the stock market.

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