BUSINESS China Mobile reports mild revenue growth in H1

BUSINESS

China Mobile reports mild revenue growth in H1

Xinhua

20:26, August 17, 2020

China Mobile employees set up a 5G station in Urumqi, the Xinjiang Uygur autonomous region. [Photo/Xinhua]

BEIJING - China Mobile, the country's leading telecom operator, reported slightly higher operating revenue in the first half of this year.

In H1, the revenue of the company inched up 0.1 percent year-on-year to 389.9 billion yuan ($56.2 billion), the company said in a statement.

The firm saw its revenue from mobile cloud computing skyrocket to 4.46 billion yuan in H1, up 556.4 percent from a year earlier.

Meanwhile, its net profits totaled 55.77 billion yuan, down 0.5 percent from the previous year.

By the end of June, China Mobile had 947 million mobile subscribers, among which 760 million were 4G users and 70.2 million were 5G users, the statement said.

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