China Mobile First-Quarter Net Profit Up 3.7% at CNY24.8 Billion

By Chester Yung Features Dow Jones Newswires

China Mobile Ltd. (0941.HK) said late Thursday its first-quarter net profit rose 3.7% from year earlier, partly buoyed by higher revenue from its telecommunications services with increased number of customers.

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The Chinese major wireless carrier said net profit for the three months ended March rose to 24.8 billion yuan ($3.60 billion) from CNY23.9 billion the previous year, while revenue from telecommunications services gained 6.1% from a year earlier to CNY160.9 billion.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

April 20, 2017 07:06 ET (11:06 GMT)