TC

20/04/2018 16:53

China Unicom (00762) 1Q profit up 2.5x to Rmb3bn

    China Unicom (00762) said its profit attributable to the equity shareholders for the first quarter of 2018 surged 248.7% year-on-year to Rmb3,005 million.
  Overall service revenue amounted to Rmb66,609 million, up 8.4% year-on-year. Mobile service revenue amounted to Rmb41,511 million, up 11.6% year-on-year. Fixed-line service revenue amounted to Rmb24,617 million, up 3.4% year-on-year.
  EBITDA amounted to Rmb23,909 million, an increase of 14% year-on-year.
  In the first quarter of 2018, the Group's mobile billing subscribers registered a net addition of 9.78 million as compared to the end of last year, reaching a total of 294 million. Mobile billing subscriber ARPU was Rmb47.9, up 2.6% year-on-year. Within that, 4G subscribers registered a net addition of 19.33 million, reaching a total of 194 million.
  The number of fixed-line broadband subscribers reached 78.06 million, representing a net addition of 1.52 million as compared to the end of last year, but the fixed-line broadband access ARPU decreased year-on-year.   

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