TC

22/04/2014 17:18

China Mobile (00941) 1Q net profit down 9.4% to Rmb25.2bn

    China Mobile (00941) said its profit attributable to equity shareholders for the first quarter of 2014 dropped 9.4% year-on-year to Rmb25.2 billion.
  Operating revenue reached Rmb154.8 billion, up by 7.8% year-on-year. EBITDA was Rmb57.6 billion, a decrease of 5.9% year-on-year. The average revenue per user per month (ARPU) was Rmb62, down 8.8% quarter-on-quarter.
  The average monthly net additional customers for the first quarter exceeded 4.6 million and the Group's total customers reached 781 million as at 31 March 2014. There was rapid growth in 3G customers, with the number of 3G customers reaching 225 million; the growth momentum in 4G customers was favorable, with the number of 4G customers reaching 2.79 million.
  Wireless data traffic rose 48.1% in the first quarter of 2014 compared to the same period of last year, of which mobile data traffic jumped 83.8%. With the continued accelerating substitution effect of Over The Top products on the traditional communications business, the growth in the total voice usage for the first quarter of 2014 was further slowed down, with an increase of only 0.6%.

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