China Telecom (00728) said its profit attributable to equity holders for the six months ended 30 June 2014 rose 11.8% year-on-year to Rmb11,436 million.
Its basic earnings per share were Rmb14 cents.
Operating revenues reached Rmb165,973 million, up 5.3%. Excluding the mobile terminal sales, operating revenues was Rmb149,362 million, up 7.3%.
EBITDA was Rmb50,538 million, an increase of 0.8%, with EBITDA margin of 33.8%.
In the first half of the year, amid intensified market competition driven by the launch of 4G services and strengthened marketing promotions by the peers, the number of mobile subscribers of China Telecom experienced a net decline of 5.34 million to 180 million. Of which, the net addition of 3G subscribers was 4.13 million, with 3G subscribers accounting for about 60% of the total number of mobile subscribers. The subscriber structure was further optimised while the ARPU of mobile subscribers was stable with slight increase with continual reinforcement in subscriber value.
No interim dividend will be distributed.
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