15 February 2019

China Telecom Jan-Sept net profit up 17.1%, filing says

China Telecom Corp. Ltd. (00728.HK) posted a net profit of 14.71 billion yuan (US$2.42 billion) for the nine months to September, up 17.1 percent from the same time last year, according to a stock exchange filing on Monday. Operating revenue rose 13.4 percent to 238.19 billion yuan, while earnings before interest, taxes, depreciation and amortization (EBITDA) grew 36.2 percent to 74.7 billion yuan. Net addition of mobile subscribers for the nine months was 20.52 million, bringing the total to 181.14 million, of which 96.48 million were 3G users. The monthly average revenue per user (ARPU) was stable as compared with that for the whole of last year, the filing said.

– Contact HKEJ at [email protected]




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