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General

China Telecom's 9-month profit drops 3.4%, revenue down 0.8%

Monday 28 October 2019 | 09:36 CET | News
China Telecom saw its operating revenue reach CNY 282.82 billion for the first nine months of 2019, which represents a slight decline of 0.8 percent year-on-year. Service revenue amounted to CNY 271.48 billion, which represents an increase of 2.5 percent year-on-year. EBITDA jumped 13.8 percent year-on-year to CNY 91.97 billion in the first three quarter d of 2019, while profit amounted to CNY 18.38 billion, down 3.4 percent compared to the same period of 2018. EBITDA margin was 33.9 percent for the nine months ended 30 September 2019.

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Categories: General
Companies: China Telecom
Countries: China
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