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China - China Mobile posts FY revenues up 8.8% to CNY 229 bln.
China Mobile reported revenues of CNY 452.1 billion for 2009, up 9.8 percent from a year earlier. EBITDA rose 5.9 percent to CNY 229.0 billion, and net profit was up 2.3 percent to CNY 115.2 billion. China Mobile maintained its dividend pay-out ratio at 43 percent of profit, with a final dividend of CNY 1.458 per share. Growth was driven by continued expansion of the customer base, which increased 14.2 percent or by 65 million users over the year to over 522 million. China Mobile estimates it took 60 percent of net adds on the market last year. Minutes of use rose slightly to an average 494 per customer, from 492 in 2008, while ARPU declined to CNY 77 from CNY 83. China Mobile said the …
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