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China Telecom says profit down 9 percent due to tax change
2015-04-28 13:51:25| Telecom - Topix.net
China Telecom Ltd., one of China's three main state-owned phone carriers, says its quarterly profit fell 9 percent from a year earlier due to tax changes and a rise in personnel costs. The Beijing-based company said Tuesday it earned 5 billion yuan in the three months ended March 31. Revenue declined 2.1 percent to 81.4 billion yuan .
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Category:Telecommunications