China Telecom FY profit jumps 14 pct on data demand [Reuters]
CHINA TELECOM (CHA)
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Source: Reuters
China Telecom FY profit jumps 14 pct on data demand | Reuters 1 Min Read HONG KONG, March 19 (Reuters) - China Telecom Corp Ltd on Tuesday reported a 13.9 rise in 2018 net profit, beating estimates, helped by growing data traffic and cloud service demand in the country. Full-year net profit came in at 21.21 billion yuan ($3.16 billion), compared with 18.617 billion yuan in the previous year. Meanwhile, 16 analysts polled by Refinitiv had an average forecast of 20.5 billion yuan. Net profit for the December-quarter stood at 2.18 billion yuan. Total revenue for the full year rose 3 percent to 377 billion yuan, against the average estimate of 380.6 billion yuan by 21 analysts on Refinitiv. The state-controlled telecom operator announced a final dividend of HK$0.125 per share, up from HK$0.115 a year ago. $1 = 6.7156 Chinese yuanReporting by Sijia Jiang, Editing by Sherry Jacob-Phillips All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
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