China Mobile's first-quarter profits up 37%
22 April 2008
China Mobile's first-quarter net profit was US$3.45 billion, an increase of 37% over a year earlier, the Wall Street Journal reported. China's largest mobile carrier by subscribers reported an increase in first-quarter revenue of 20% year-on-year, to US$13 billion. It signed up 22.8 million new subscribers, compared to 19.7 million in the fourth quarter of last year. However, the key metric of average revenue per user fell from US$12.15 a year earlier to US$11.72 for the first quarter. An analyst said the drop could be offset by an increase in the number of new subscribers.
Bookmark and Share:
Other Categories
Other news from 22 April 2008
Related Articles
- Fund managers told to support stock market post-quake
- China calls for Rio Tinto boycott
- CLSA could increase stake in Chinese JV
- PBOC: China to use exchange rate to fight inflation
- Rio Tinto considering Chinese partnership for Africa
To receive the best China business news that the market has to offer,
subscribe to the China Economic Review.
subscribe to the China Economic Review.