
China Unicom's Q1 revenues, net profit decline

China Unicom reported first-quarter service revenues down 5.6 percent from a year earlier to CNY 60.2 billion from CNY 63.8 billion. Total revenues declined to CNY 74.30 billion from CNY 76.47 billion. Service revenue from the mobile business fell to CNY 36.6 from CNY 40.68 billion. In the fixed-line business, service revenue rose to CNY 23.1 billion at 31 March 2015 from CNY 22.9 billion in March 2014. The operator improved its EBITDA margin by 4.5 percent points compared to a year earlier to 42.1 percent of service revenue. Total EBITDA rose 5.6 percent to CNY 25.3 billion, and net profit declined 4.2 percent to CNY 3.16 billion.
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