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China Mobile service revenue down 1% on price pressure

Tuesday 22 October 2019 | 11:07 CET | News
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China Mobile reported operating revenue for the first nine months of 2019 down 0.2 percent year-on-year to CNY 566.7 billion. Telecom service revenue fell 1 percent, hurt by the end to domestic roaming charges last year and pressure on data prices. EBITDA was still up 5.3 percent to CNY 225.5 billion, helped by the new IFRS 16 accounting rules, while net profit fell 13.9 percent to CNY 81.8 billion, impacted by business transformation costs. 

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Categories: General
Companies: China Mobile
Countries: China
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