China Mobile H1 2008 Profit up 45%
China Mobile Press Release, 8/27/08
Chinese mobile operator China Mobile (NYSE: CHL; 0941.HK) has announced its interim results for H1 2008, with operating revenues reaching RMB 196.5 bln, up 18% year-on-year.
Profit attributable to shareholders came to RMB 54.8 bln, up 44.7% YoY.
During the period, revenue from usage fees came to RMB 124.4 bln, up 15.5% YoY. Revenue from monthly fees came to RMB 9.8 bln, down 3.2% YoY. Revenue from value-added services (VAS) came to RMB 53 bln, up 26.4% YoY, and revenue from other operations came to RMB 9.2 bln, up 35.4% YoY.
China Mobile's capital expenditure for the first half of 2008 was approximately RMB 65.5 bln, representing 33.3% of operating revenue, and was mainly used for the construction of GSM networks, business system support, transmission facilities, infrastructure buildings and for the development of new technologies and new businesses.
To see China Mobile's full report, please click here.
Keywords: fiscal report 0941.HK China Mobile CHL H1 2008 profit revenue wireless capex
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