China Mobile (CHL.NYSE, 0941.HK) booked a net profit of US$13.13 billion for the January-September period, up 3.9% year-on-year, the Wall Street Journal reported. The world’s largest mobile carrier attributed profit growth to its third-generation (3G) mobile service business. However, profit growth for the period was slower compared with the 4.2% increase recorded over the first half, largely due to heavy spending on its 3G network expansion. China Mobile said average revenue per user dropped to RMB72 (US$10) over the reporting period, down from RMB75 (US$11) the previous year. Company chairman Wang Jianzhou said China Mobile will continue to increase investment in customer services, support systems and research and development as competition grows.
Categories