China Mobile's net profit rises 4pc in first nine months

China Mobile (0941) reported a net profit of 115.4 billion yuan (HK$125.86 billion) for the first three quarters of the year, marking a 4 percent increase from the same period last year. 

The state-owned telecommunication giant's operating revenue reached 794.7 billion yuan, up 0.4 percent year-on-year, with communications services revenue rising 0.8 percent to 683.1 billion yuan.

As of the end of September, the telecom giant's total mobile subscriber base reached 1.009 billion, after a net addition of 4.56 million users during the period. Its 5G network customers grew to 622 million.

The average revenue per user for the mobile business in the first three quarters was 48 yuan per month, down about 3 percent compared to the first half of the year.