Your Name:China Telecom quarterly net rises to 18.7b yuanChina Telecom Corporation (0728) said net profit increased by 1.7 percent to 18.71 billion yuan (HK$21.76 billion) for the first three quarters this year. Operating revenue grew by 3.5 percent to 292.61 billion yuan from a year ago, of which service revenues were 280.87 billion yuan, up by 3.5 percent. EBITDA during the period inched up by 0.3 percent to 92.21 billion yuan. As of the end September, mobile subscribers reached 349 million, representing a net addition of 13.78 million. The average mobile service revenue per user per month was 44.4 yuan while the decline rate continued to narrow.

Source: The Standard October 22, 2020 07:16 UTC