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Nikkei Markets

China Telecom First Half Net Profit Up 7.4% On Higher Service Revenue

By Hong Kong Newsroom
Nikkei Markets
HONG KONG(Aug 23) -- China Telecom Corporation, a state-owned telecommunication company, said on Wednesday first half net profit rose 7.4%, thanks to higher service revenue.

Net profit for the six months ended Jun. 30 rose to 12.54 billion yuan ($1.88 billion) from 11.67 billion yuan a year earlier, the company said in an exchange filing. Revenue was up 4.1% on-year to 184.12 billion yuan.

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