China Mobile Q3: Reports Net Profit Of $4.9 Billion, Beats Expectations

Posted on Oct 23 2012 - 5:32am by Editorial Staff

China Mobile in results released Monday reported a net profit of 31.1 billion yuan ($4.9 billion) during the quarter ended September 2012 as compares to an average forecast of 30.5 billion yuan ($4.87) in a Reuters poll of nine analysts. The average revenue per user fell to 4.3 percent to 67 yuan (US$10.70) from a year earlier while the company saw monthly net additional customers exceed 5.4 million.

Quarter Highlights:

  • Operating revenue reached RMB408.6 billion, up by 6.4% over the same period of last year
  • EBITDA of RMB187.3 billion, essentially maintained at the level for the same period of last year
  • Profit attributable to equity shareholders of RMB93.3 billion, up by 1.4% over the same period of last year
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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.