[ET Net News Agency, 16 August 2017] China Unicom (00762) said its profit attributable
to the equity shareholders for the six months ended 30 June 2017 rose 68.9% year-on-year
to Rmb2,415 million.
Basic and diluted earnings per share were Rmb0.1.
Revenue amounted to Rmb138,160 million, a decrease of 1.5% from a year earlier.
Total service revenue was Rmb124,106 million, up 3.2% year-on-year. EBITDA amounted to
Rmb43.56 billion, up 5.5% year-on-year.
With a low customer acquisition cost and subsidiary model, China Unicom's mobile service
revenue reached Rmb76.84 billion, representing a year-on-year growth of 5.2% which
exceeded the industry average. Mobile billing subscribers achieved a net increase of 5.63
million to a total of 269.45 million. The average revenue per user (ARPU) of mobile
billing subscribers amounted to Rmb48, representing a significant increase as compared to
Rmb46.4 for the full year of 2016.
In the first half of 2017, China Unicom's 4G subscriber witnessed a net increase of
34.26 million to a total of 138.81 million. The proportion of 4G subscribers to total
mobile billing subscribers increased by 23.7 percentage points year-on-year to 51.5%. The
ARPU of 4G subscribers reached Rmb66.5.
No interim dividend will be distributed. (HL)