Friday, October 24, 2014   

China Mobile profit down
(04-23 15:53)

China Mobile (0941) says first-quarter profit fell 9.4 percent from a year earlier despite a rise in customer numbers, as spending per account declined.
The state-owned carrier said it earned 25.2 billion yuan in the three months ending March 31. Total revenue rose 7.8 percent to 154.8 billion yuan.
The firm, the world's biggest phone carrier by number of subscribers, has said it experienced "severe challenges'' due to the rapid evolution of mobile Internet and growing competitive pressure from other Chinese carriers. --RTHK   
Other Business breaking news:
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German industry downgrades growth forecast (10-23 17:24)
UK retail sales fall in warm September: data (10-23 17:22)
Eurozone business activity picks up, worries remain: survey (10-23 16:49)
Hang Seng dips on profit-taking (10-23 16:41)
European stock markets drop at open (10-23 16:09)
Daimler says profits up strongly in Q3 (10-23 16:09)
Tesco chairman quits over profits fiasco: company (10-23 15:07)
Nikkei ends lower (10-23 15:03)
Manufacturing moving from China to US: survey (10-23 12:28)

More breaking news >>

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