China Mobile reports 4.6 percent rise in 9-month net profit [Reuters]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
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Source: Reuters
China Mobile reports 4.6 percent rise in 9-month net profit | Reuters Reuters Staff 2 Min Read HONG KONG (Reuters) - China Mobile Ltd ( 0941.HK ), the country’s largest telecom service provider, reported a 4.6 percent rise in nine-month net profit on Friday on fast mobile data growth despite an industry-wide rate cut. Net profit rose to 92.1 billion yuan ($13.91 billion) for the January-September period, while revenue climbed 4.9 percent to 569.5 billion yuan, China Mobile said in a filing to the Hong Kong stock exchange. Handset data traffic increased 113 percent year-on-year, with its 4G customers’ average monthly data usage exceeding 1.5GB, China Mobile said. Its 4G customers number grew to 878 million. Average revenue per user per month, a key industry performance indicator, edged up 0.8 percent to 60.5 yuan in the nine-month period. The Chinese government mandated a series of tariff cuts for its three state-owned telcos, effective from September. Jefferies analyst Eddie Lee sai
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