China Mobile Q2 net profit up 2 pct, buoyed by 3G subscriber gains
HONG KONG Aug 15 (Reuters) - China Mobile Ltd, the world's biggest mobile carrier by subscribers, posted a 2 percent rise in second-quarter net profit, roughly in line with market expectations, buoyed by an increase in 3G subscribers.
China Mobile's net profit for the April-June quarter came in at 35.2 billion yuan ($5.7 billion), up from 34.4 billion yuan a year earlier, according to Reuters calculations based on the company's data.
That was roughly in line with the consensus of 34.1 billion yuan in profit, according to a Reuters poll of eight analysts.
China Mobile, the only Chinese carrier that does not have a contract with Apple Inc to sell iPhones, made a first-half net profit of 63.1 billion yuan, up 1.5 percent from a year earlier, it said in a statement on the Hong Kong stock exchange. For a copy of the statement, please click here (Reporting by Lee Chyen Yee in SINGAPORE and Twinnie Siu in HONG KONG; Editing by Chris Gallagher)
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Driver in fatal New York train crash 'zoned out': union
- Biden calls for trust with China amid airspace dispute |
- EU Commission fines banks $2.3 billion for benchmark rigging
- HTC 'One Mini' faces UK ban after court ruling on patent infringement