CHINAUS AFRICAASIA 中文双语Français
Business\Companies

China Unicom net profit jumps on business innovation

Xinhua | Updated: 2017-04-24 09:20

BEIJING — China Unicom, a Chinese telecom giant, witnessed a surge in net profits in Q1, on the back of innovation efforts.

The company made 274 million yuan (about $40 million) net profit in the first three months, up 88.3 percent year-on-year, according to its first quarter report released over the weekend.

Facing fierce competition, the Shanghai-listed company saw fast growth of its businesses such as cloud computing, video and Internet of Things, offsetting waning revenue from fixed-line voice business.

The number of mobile phone subscribers of the company increased by 2.44 million in the first quarter to 266 million, it said.

The combined assets of the telecom service provider decreased 2.2 percent over the period to 603 billion yuan.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US