BEIJING Feb 27 China Unicom (Hong Kong) Ltd
, the country's second-biggest mobile carrier by
subscribers, posted on Thursday flat net profit growth in the
fourth quarter, well below analysts estimates.
China Unicom said net profit was 2.04 billion yuan ($333.07
million), a 0.6 percent increase from 2.023 billion yuan in the
same year-ago period, according to calculations by Reuters based
on its annual 2013 results.
The profit compares with the 2.43 billion yuan forecast,
based on Reuters calculations from a Thomson Reuters
SmartEstimate poll of 32 analysts.
Full year 2013 operating revenues were 295.04 billion yuan
versus 248.93 billion yuan last year, an increase of 18.5
The results were released after the market closed. China
Unicom shares ended barely changed compared with a 1.7 percent
rise in the benchmark Hang Seng Index.
($1 = 6.1248 Chinese yuan)
(Reporting by Paul Carsten; Editing by Miral Fahmy)