0
Wireless

China Unicom's earnings rebound in Q1, profit jumps 110%, EBITDA up 11%

Thursday 23 April 2020 | 08:36 CET | News
China Unicom's service revenue reached CNY 68.3 billion in the first quarter of 2020, which represents an increase of 2.3 percent year-on-year. EBITDA declined 5.8 percent year-on-year, but jumped 11.1 percent quarter-on-quarter to CNY 23.5 billion. EBITDA as a percentage of service revenue was 34.5 percent. First-quarter profit almost reached CNY 3.2 billion, which represents a decline of 13.9 percent year-on-year, but a growth of more than 110 percent quarter-on-quarter.

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
This article is part of dossier

5G

,

Coronavirus


Add comment

Please login or register to leave a 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 mobile customer base declines in April

Published 26 May 2020 10:48 CET | China
China Mobile added only 43,000 mobile customers in April this year, compared to 4.13 million ned adds in March, and a net loss of ...

Chinese operators add more than 10 mln mobile customers in March

Published 23 Apr 2020 09:18 CET | China
China Mobile added 4.13 million in March this year, which compares to a net loss of more than 7.2 million mobile customers in ...

China Telecom adds 12 million 5G subscribers in Q1

Published 23 Apr 2020 08:49 CET | China
China Telecom saw its operating revenues reach CNY 94.79 billion in the first quarter of 2020, of which service revenues were CNY ...

Ericsson maintains outlook as margins improve, sales up 2% in Q1

Published 22 Apr 2020 08:54 CET | World
Ericsson reported first-quarter sales up 2 percent and an improvement in its underlying margins. The company said it was seeing ...

China Mobile Q1 customer numbers, revenues, profit fall amid virus pandemic

Published 20 Apr 2020 14:18 CET | China
China said it had 946 million customers at the end of the first quarter, less than the 950 million recorded at the end of ...

Covid-19 pandemic causing shift in consumer smartphone usage - Kantar

Published 17 Apr 2020 15:48 CET | World
The Covid-19 pandemic is causing a fundamental shift in smartphone usage as consumers around the world adapt to home lockdown, ...

Sony says coronavirus impact may cancel out guidance upgrade

Published 27 Mar 2020 09:57 CET | World
Sony has announced that it may be forced to cancel the upward profit guidance included in its February results statement due to ...

China Unicom's service revenue almost flat in 2019, profit up 11% in 2019

Published 25 Mar 2020 09:13 CET | China
China Unicom saw its service revenue reach CNY 264.4 billion in 2019, which represents a slight increase of 0.3 percent ...