China Unicom expects 94% profit decline in 2016

Friday 27 January 2017 | 08:29 CET | News
China Unicom has announced that profit for 2016 is expected to be down by about 94 percent as compared to 2015. However, the figure represents a "significant improvement" from the loss of CNY 3.36 billion in the second half of 2015, China Unicom also said. The profit decrease in 2016 was mainly because no gain on disposal of tower assets was expected in 2016, the operator also said. The addition of tower usage fee, higher energy charges and property rentals led to an expected substantial increase year-on-year in network, operation and support expenses in 2016, and selling and marketing

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