China Telecom earnings drop by 10.2pc

Business | 21 Mar 2017 12:16 pm

China Telecom Corporation (0728) reported today profit for the year ended December 31, 2016, fell by 10.2 percent to 18 billion yuan compared with 2015.

Basic earnings per share were 22 fen.

The telco recommended a dividend of HK$0.105 per share for the year 2016.

Operating revenues grew by 6.4 percent to 352.3 billion yuan. Service revenues increased by 5.6 percent to 309.6 billion yuan.

The telco said mobile subscribers increased by 17.10 million to 215 million. The number of 4G terminal users reached 122 million, with a net increase of 63.41 million. It said that 4G terminal users accounted for 57 percent of total mobile subscribers. -The Standard

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