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General

China Telecom Q1 revenues fall 0.5% on sharp drop in handset sales

Monday 29 April 2019 | 12:30 CET | News
China Telecom reported a small decrease of 0.5 percent in first-quarter revenues, to CNY 91.53 billion, hurt by a sharp fall in handset sales. EBITDA increased 14.1 percent to CNY 30.24 billion, helped by the new accounting standards and lower operating costs, and net profit rose 4.5 percent to CNY 5.96 billion.

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Categories: General
Companies: China Telecom
Countries: China
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