HONG KONG, April 17 China Unicom (Hong Kong) Ltd
, the country's second-biggest mobile carrier by
subscribers, posted a 74 percent rise in first quarter net
profits, beating estimates, as an increase in data usage offset
a slowdown in subscriber growth.
The profit growth was the fastest since the third quarter of
2010, according to Thomson Reuters data.
China Unicom said on Thursday net profit for the
January-March quarter was 3.3 billion yuan ($530.4 million). The
figure is higher than the 1.9 billion yuan in the same year-ago
period, according to calculations by Reuters based on its first
A Reuters poll of three analysts had forecast its
first-quarter net profit at 2.86 billion yuan.
Operating revenues for January-March were 76.47 billion yuan
versus 70.6 billion yuan last year, an increase of 8.3 percent.
The results were released after the market closed. China
Unicom shares ended 0.4 percent higher compared with a 0.3
percent rise in the benchmark Hang Seng Index.
($1 = 6.2214 Chinese Yuan)
(Reporting By Yimou Lee and Paul Carsten; Editing by Miral