China Unicom (Hong Kong) Ltd. (0762.HK) said late Thursday it expects its net profit for the first three quarters of about 4.1 billion yuan (US$618 million).
The Chinese state-owned telecommunications operator said the expected increase from a year earlier is due to robust service revenue growth and lower selling and marketing expenses and handset subsidies.
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Looking ahead, the firm expects its financial performance will face increasing pressure in the fourth quarter amid intensifying market expectations. The company stopped charging mobile domestic long-distance and roaming fees in September.
The financial results for the first three quarters will be released on Oct. 27, it said.
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(END) Dow Jones Newswires
October 19, 2017 21:47 ET (01:47 GMT)