China Unicom First-Quarter Net Profit Up 79% to CNY862 Million

China Unicom (Hong Kong) Ltd. (0762.HK) on Friday reported a 79% rise in net profit for the first quarter.

The Chinese mobile operator's net profit for the period was 862 million yuan ($125.2 million), compared with net profit of CNY480 million a year ago. It posted a net loss of CNY963 million in the fourth quarter.

Its revenue fell 1.9% to CNY69.01 billion from CNY70.34 billion the previous year.

The operator added a net 18.18 million 4G subscribers in the quarter, bringing its total mobile subscribers to 266.27 million in March.

Write to Joanne Chiu at

(END) Dow Jones Newswires

April 21, 2017 05:24 ET (09:24 GMT)