China Mobile : 9-Month Net Profit Slipped 0.3%


Source: marketscreener.com marketscreener.com

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By Yifan Wang China Mobile Ltd. said its net profit edged down 0.3% during the first three quarters of the year, as lower margins dragged on its bottom line despite an increase in revenue. The telecom carrier on Tuesday posted a net profit of 81.6 billion yuan (US$12.21 billion) for the nine-month period, down from CNY81.8 billion a year earlier. Its net profit margin was 14.2% compared with 14.4% in the same period last year. For the September quarter, net profit rose thanks to good cost control and the economic recovery, China Mobile said, without disclosing specific numbers. Revenue rose...