China Telecom posts 13.9b yuan profit, mobile users reach 323m

Business | 22 Aug 2019 2:42 pm

China Telecom (0728) reported net profit for the first half grew by 2.5 percent from a year earlier to 13.90 billion yuan.

The basic earnings per share were 0.172 fen.

Operating revenues were 190.5 billion yuan.

Service revenues came to 182.6 billion yuan, up by 2.8 percent from the same period last year. Mobile service revenues were 88.2 billion yuan, a rise of 5.6 percent over the same period last year. Wireline service revenues amounted to 94.4 billion yuan, higher by 0.3 percent on-year.

The  number of mobile subscribers was 323 million, with a net increase of 20.48 million from the end of last year, of which the number of 4G users reached 266 million, with a net increase of 23.71 million from the end of last year, China Telecom said.

Also, 4G users accounted for 82 percent of total mobile subscribers.

Wireline broadband subscribers increased by 4.39 million to 150 million from the end of last year.

 

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