China Unicom's Q1 profit jumps 79%

Nieuws Mobiel China 21 APR 2017
China Unicom's Q1 profit jumps 79%

China Unicom reported service revenue of CNY 61.4 billion for the first quarter of 2017, which represents an increase of 2.4 percent year-on-year and 6.6 percent quarter-on-quarter. Mobile service revenue amounted to CNY 37.1 billion, up 2.8 percent year-on-year. EBITDA amounted to CNY 20.9 billion, up 5 percent year-on-year. Profit reached CNY 862 million, up by 79.3 percent year-on-year, and compared to a loss of CNY 963 million in the fourth quarter of 2016.

In the first quarter of 2017, China Unicom added more than 2.4 million mobile billing subscribers, reaching a total of 266.2 million at end-March. Mobile billing subscriber ARPU was CNY 46.7, up slightly as compared to the full-year average of last year. Within that, 4G subscribers registered a net addition of 18.1 million, reaching a total of 122.7 million. 4G subscriber ARPU was CNY 73.9.

China Unicom’s fixed-line broadband subscriber base reached 76.5 million at the end of the first quarter, representing a net addition of 1.3 million as compared to the end of 2016, but the fixed-line broadband access ARPU decreased compared with the same period of 2016. Fixed-line service revenue reached CNY 23,813 million, up by 2.5 percent year-on-year and 7.5 percent quarter-on-quarter. Overall service revenue amounted to CNY 61.4 billion, up by 2.4 percent year-on-year and 6.6 percent quarter-on-quarter.

Categories:

Mobiel

Companies:

China Unicom,  Clear Business (Unicom)

Countries:

China

Tags:

Sales figures, Financial figures

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