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Satcom Guomai H1 2011 Loss Nearly RMB 16 Mln

Shanghai Stock Exchange, 8/20/11

Telecommunications services provider China Satcom Guomai (600640.SH), a subsidiary of China Telecommunications Corporation, has announced its fiscal results for H1 2011, with revenue down 43.9% YoY to reach RMB 197 mln.

Net loss attributable to shareholders was RMB 15.52 mln, compared to RMB 2.68 mln in H1 2010.

Revenue from the communication products business fell 19.8% YoY to RMB 21.94 mln. Revenue from sales dropped 52.9% YoY to RMB 70.85 mln. Revenue from maintenance services rose 16.6% YoY to RMB 161,399.

Keywords: loss revenue telecom China Telecommunications Corporation Satcom Guomai 600640.SH H1 2011 profit fiscal report

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