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China Mobile Net Profits Reach CNY 28.9 Billion.
(From SinoCast China Business Daily News)
CHINA, October 25, SinoCast -- In spite of severe competition in the market, China Mobile, the only operator fully dedicated to mobile business in China, still achieved net profits of CNY 28.9 billion over the past three quarters, a growth of 10.3% from the same period of last year.
The operation revenues were CNY 137.787 billion, increasing 17.9% year on year.
The EBITDA (earning before interest, tax depreciation and amortization) of the three quarters was CNY 78.036 billion, 13.1% up from that a year ago.
The EBITDA rate was up to 56.6% and the net profits were CNY 28.898 billion accordingly. …
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