China Unicom profit plunges 94% in 2016

Friday 17 March 2017 | 09:58 CET | News
China Unicom posted service revenue of CNY 240.98 billion in 2016, up 2.4 percent year-on-year. EBITDA amounted to CNY 79.50 billion, down 9.1 percent year-on-year and accounting for 33 percent of service revenue. Profit reached CNY 0.63 billion, down 94.1 percent year-on-year, which, however, showed substantial improvement compared to the loss attributable to equity shareholders of the company (excluding the gain on disposal of tower assets) of CNY 3.36 billion in the second half of 2015. Capital expenditure decreased to CNY 72.11 billion in 2016, down by 46.1 percent from 2015.

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Categories: General
Companies: China Unicom / Unicom
Countries: China
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