Unicom Q1 Bottom Line Slumps 70% YoY
China Unicom (NYSE:CHU, 0762.HK, 600050.SH) made net profit of RMB 1.13 billion in the first quarter of 2010, down 68.3% year-on-year, the company reported April 29. The telecom carrier reported revenues for the quarter of RMB 40.42 billion, or RMB 40.34 billion after adjusting for the effect of deferred upfront connection fees, representing an annual increase of 6.8%, the report said. The company’s mobile services generated RMB 18.63 billion over the quarter, up 11.9% year-on-year, of which 3G business accounted for RMB 1.59 billion, the report said. Average revenue per mobile subscriber (ARPU) per month came to RMB 41.5, the report said. Revenues for broadband services increased 23.8% year-on-year to RMB 7.13 billion, with an ARPU of RMB 59.5, the report said.
According to reports citing the Ministry of Industry and Information Technology (MIIT), China Unicom accounted for 26.7% of China’s 3G users by the end of March.
If you want edit me? just go to your profile than add description text as many you like. ^_*