China Unicom (00762) said it expects the profit attributable to the equity shareholders in the first half of 2016 to decline by about 80% as compared to the same period of last year.
Such expected decline was mainly because selling and marketing expenses increased significantly, and the addition of tower usage fee, higher energy charges and property rentals, etc. led to a substantial increase year-on-year in network, operation and support expenses.
Nonetheless, it showed significant improvement from the loss attributable to the equity shareholders (excluding the gain on disposal of tower assets) of about Rmb3.36 billion in the second half of last year. Going forward, the Group will deepen implementation of "Focus Strategies", innovation and cooperation development to drive gradual turnaround with full strength.
It is expected the interim results announcement will be published on 17 August.
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