BRI NEWS China Unicom net profit rises 24.38% in first three quarters

BRI NEWS

China Unicom net profit rises 24.38% in first three quarters

China Daily

23:22, October 30, 2019

5daeabbba310cf3e97a27351.jpeg

A customer uses her mobile phone outside an outlet of China Unicom in Yuncheng, Shanxi province. (Photo: Xinhua)

China Unicom, one of the country's leading telecom giants, reported a 24.38-percent surge in net profit in the first three quarters due to effective cost management.

The telecom giant made 4.32 billion yuan (about $610.47 million) of net profit in the first nine months, according to a statement filed to the Shanghai Stock Exchange Monday night.

Business revenues dipped 1.18 percent to 217.12 billion yuan in the reporting period, it said.

The company's 4G users increased by 31.22 million in the January-September period, bringing the total number to 251 million.

Facing new challenges in the industry, the company has boosted innovative cooperation and accelerated internet-based operation, the statement said.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue