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China Telecom profit falls 9.5 percent
2013-03-20 11:21:00| Telecom - Topix.net
State-owned China Telecom Corp. said Wednesday that profit fell 9.5 percent last year because it spent more to market the iPhone as it battled rivals for higher-paying customers.
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China Telecom net profit down 9.5% as it spends to compete
2013-03-20 01:00:00| Total Telecom industry news
Spending on handset subsidies and marketing hits Chinese telco's bottom line.
CHINA: Weiqiao Textile FY profit up despite flat sales
2013-03-19 11:10:00| Daily apparel & textile news and comment - from just-style.com
China's largest cotton producer Weiqiao Textile Company saw full year profit shoot up as the company strengthened cost control and optimised its product mix.
China Mobile's FY profit up 2.7% on data revenue growth
2013-03-15 06:39:00| Telecompaper Headlines
(Telecompaper) China Mobile posted a profit of CNY 129.3 billion for 2012, up 2.7 percent from CNY 125.87 billion in 2011. Operating revenues grew by 6.1 percent to CNY 560.4 billion with data services revenue rising 19.4 percent to CNY 166.35 billion and voice revenues growing 1.1 percent to CNY 368.03 billion. EBITDA was CNY 253.6 billion, up 1.0 percent year-on-year, while EBITDA margin stood at 45.3 percent, down 2.2 percentage points. Capex in 2012 stood at CNY 127.4 billion and in 2013 the company has budgeted CNY 190.2 billion for capex. China Mobile ended the year with 710 million total customers, up 9.3 percent, including 87.93 million 3G customers. Capex in 2012 stood at CNY 127.4 billion and in 2013 the company has budgeted CNY 190.2 billion for capex.
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China Mobile 2012 profit rises just 2.7 percent
2013-03-14 11:20:16| Telecom - Topix.net
China Mobile Ltd., the world's biggest phone carrier by number of subscribers, said Thursday that profit rose just 2.7 percent last year as it grappled with fierce competition and higher costs.
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