Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Unicom Expects 2010 Profit to Drop Over 50%

China Unicom IR, 1/28/11

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has announced that based on preliminary estimates, profit attributable to equity holders of the company for the year ended December 31, 2010 will decrease by over 50%. Unicom attributes the drop to the fast increase of depreciation and amortization, network, operations and support expenses, and selling expenses, particularly the 3G handset subsidy, in relation to the initial operation stage of Unicom's 3G business.

Keywords: fiscal report China Unicom subsidy profit telecom 3G 0762.HK 600050.SH CHU handset


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports