China Mobile profit dips under tough competition
Updated: 2015-08-20 17:19
(Xinhua)
|
|||||||||
A Chinese worker installs a signboard of China Mobile one day before the opening of the 2nd China (Shanghai) International Technology Fair (CSITF) in Shanghai, April 23, 2014. [Photo/IC] |
BEIJING -- Telecom giant China Mobile's net profit dipped 0.8 percent to 57.3 billion yuan (about $9 billion) in the first six months of the year as it faced fierce competition, it said on Thursday.
Revenue was up 4.9 percent to 340.7 billion yuan, while its subscriber base rose to more than 810 million, up 3.4 percent, including 190 million 4G users, the company said in a filing to the Hong Kong bourse, where it is listed.
The interim dividend will be HK$1.525 ($0.2) per share.
The Beijing-based company said it is "facing severe challenges from intensified competition". In the face of this, it will continue to bolster 4G business and try to expand its market share in daily services for individual customers and enterprises, according to the filing.
China Mobile's 4G business is rapidly expanding, said the company, which now has 940,000 base stations in place, covering almost all cities nationwide.
Its shares closed at HK$98.2, down 0.3 percent, while the benchmark Hang Seng Index closed down 1.8 percent.
- Stars in their eyes: leaders in love
- A survival guide for singles on Chinese Valentine’s Day
- Beijing police publishes cartoon images of residents who tip off police
- Rare brown panda grows up in NW China
- Putin rides to bottom of Black Sea
- The changing looks of Beijing before V Day parade
- Nanjing displays ancient marriage, divorce certificates
- Top 10 Android app stores in China
Most Viewed
Editor's Picks
Seventh China-US strategic dialogue |
Premier Li embarks on Latin America visit |
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Today's Top News
Chemical plants to be relocated in blast zone
Giant panda Mei Xiang at US zoo expected to give birth soon
S Korean president to participate in China's war anniversary
Thucydides Trap not relevant to today's Sino-US ties: Opinion
Fitch warns insured losses from Tianjin explosions could reach $1.5b
Conflicting reports on possible Abe trip
Hillary Clinton breaks with Obama on Arctic oil drilling
At UN, China backs regional peace efforts
US Weekly
Geared to go |
The place to be |