China Telecom Corp. (0728.HK) reported Thursday a 4.5% rise in net profit for the first quarter as stronger demand for faster mobile services offset the pricing pressure from intensified market competition.
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The Chinese mobile and broadband service operator's first-quarter net profit was 5.35 billion yuan ($776.3 million), compared with a net profit of CNY5.12 billion a year ago.
Its operating revenue rose 5.8% to CNY91.43 billion in the first quarter from CNY86.43 billion a year earlier.
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(END) Dow Jones Newswires
April 27, 2017 00:40 ET (04:40 GMT)