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.
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(END) Dow Jones Newswires
April 21, 2017 05:24 ET (09:24 GMT)