0
Wireless

China Unicom's 9-month profit jumps nearly 12% on cost control

Tuesday 22 October 2019 | 11:12 CET | News
China Unicom posted service revenue of CNY 198.53 billion for the first nine months of 2019, which represents a decline of 0.7 percent year-on-year. EBITDA amounted to CNY 73.14 billion, up by 10.4 percent year-on-year, while profit jumped 11.9 percent year-on-year to RMB 9.82 billion, boosted by effective cost control, the company said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: China Unicom
Countries: China
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

China Unicom sees FY net profit up 11% despite pressure on mobile revenues

Published 23 Jan 2020 14:57 CET | China
China Unicom said it expects net profit for 2019 rose 10.8 percent to around CNY 11.3 billion. Cost controls helped offset the ...

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

Published 28 Oct 2019 09:36 CET | China
China Telecom saw its operating revenue reach CNY 282.82 billion for the first nine months of 2019, which represents a slight ...

China Mobile appoints Wang Yuhang as executive director

Published 25 Oct 2019 08:39 CET | China
China Mobile has appointed Wang Yuhang as an executive director of the Company, effective immediately. Yuhang is currently a ...

China Mobile service revenue down 1% on price pressure

Published 22 Oct 2019 11:07 CET | China
China Mobile reported operating revenue for the first nine months of 2019 down 0.2 percent year-on-year to CNY 566.7 billion. ...

China Mobile, Telecom each add over 2 mln mobile customers in August

Published 23 Sep 2019 10:58 CET | China
China Mobile took the most net customer additions on the Chinese mobile market in August. The operator gained 2.638 million new ...

China Unicom, Telecom confirm plans to cooperate on 5G network build

Published 09 Sep 2019 14:57 CET | China
China Unicom and China Telecom have confirmed plans to cooperate on building a national 5G network. They plan to co-build one 5G ...

China Telecom, Unicom consider 5G network partnership

Published 26 Aug 2019 09:39 CET | China
Chinese mobile operators are considering working together to build 5G networks in order to limit the costs, the Nikkei Asian ...

China Mobile leads growth in mobile, broadband subscribers in July

Published 22 Aug 2019 12:37 CET | China
China Mobile saw a strong improvement in customer growth in July, adding nearly 3.6 million new customers for a total of 938.6 ...

China Unicom's H1 service revenue falls 1.1%, profit jumps 16%

Published 15 Aug 2019 10:53 CET | China
China Unicom (Hong Kong) posted service revenue of CNY 133 billion for the first half of 2019, which represents a decrease of 1.1 ...