(Telecompaper) China Telecom reported operating revenues of CNY 324.3 billion for the year ended 31 December 2014, which represents an increase of 0.9 percent compared to 2013. Service revenues amounted to CNY 287.3 billion, up by 3.1 percent year-on-year. EBITDA rose to CNY 94.8 billion, while the EBITDA margin stood at 33 percent. Profit slightly increased by 0.8 percent to CNY 17.6 billion in 2014, while basic earnings per share amounted to CNY 0.22. Capital expenditure amounted to CNY 76.9 billion, while free cash flow was CNY 12.5 billion.