China Mobile Nine-Month Net Profit Up 4.6% to CNY92.1 Billion

By Joanne Chiu Features Dow Jones Newswires

China Mobile Ltd. (0941.HK) said net profit rose 4.6% in the first nine months of the year on strong demand for faster wireless services, despite intensifying competition.

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China Mobile, the nation's largest mobile carrier by subscribers, said late Friday that its unaudited net profit for the January-September period rose to 92.1 billion yuan ($13.9 billion) from CNY88.1 billion a year earlier.

The mobile operator's earnings before interest, tax, depreciation and amortization rose 5.5% to CNY211.3 billion from CNY200.4 billion during the same period. Its operating revenue was CNY569.5 billion, up 4.9% from CNY542.7 billion a year earlier.

The company, which has long had a dominant share of the Chinese mobile market, said total mobile subscribers stood at 878 million as of the end of September, with average revenue per user rising 0.8% to CNY60.50.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

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October 20, 2017 07:11 ET (11:11 GMT)