BEIJING Oct 21 China Mobile Ltd, the
world's largest mobile carrier by subscribers, saw third-quarter
net profit fall nearly 9 percent to 28.37 billion yuan ($4.65
billion) from 31.1 billion yuan in the same period last year,
coming in below analyst estimates of 30.72 billion yuan.
Net profit for the first nine months of the year was 91.5
billion yuan, down by 1.9 percent versus January-to-September
The firm's January-to-September average revenue per user
(ARPU), a standard industry measure of performance, fell to 66
yuan from 67 yuan a year earlier.
China Mobile shares have fallen 5.76 percent year-to-date
against a 3.45 percent overall gain on the Hang Seng Index
. China Unicom's have risen 2.74 percent and
China Telecom's are down 3.94 percent for the same
China Mobile shares closed up 0.53 percent on Monday, edging
out the Hang Seng Index's gain of 0.42 percent.
($1 = 6.0968 Chinese yuan)
(Reporting by Paul Carsten; Additional reporting by Bangalore
Newsroom; Editing by Matt Driskill)