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China Mobile revenues dip lower in 2018, profit up 3%

Thursday 21 March 2019 | 13:10 CET | News
China Mobile reported revenues down 0.5 percent in 2018 to CNY 736.8 billion, hurt by the new accounting rules and competition in the mobile market. Excluding the accounting effect, the company said revenues rose 1.8 percent, and service revenue was up 3.7 percent to CNY 670.9 billion. Mobile revenue declined 1.9 percent to CNY 492.4 billion or 73 percent of the total revenue.

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Categories: Mobile & Wireless
Companies: China Mobile
Countries: China
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