CHINA UNICOM (HONG K

762
End-of-day quote. End-of-day quote  - 11/26
4.78HKD -0.83%

China Unicom Hong Kong : Nine-Month Net Profit Rose 10%

10/21/2020 | 05:21am

By Yi Wei Wong

Telecommunications operator China Unicom reported that net profit rose for the January-September period from a year earlier, driven by higher demand for fixed-line broadband services.

Net profit rose 10% to 10.82 billion Chinese yuan ($1.62 billion). Revenue grew 3.8% to CNY225.35 billion.

The telco said its mobile business improved modestly in the face of challenges such as keen market competition amid the coronavirus pandemic.

China Unicom added that the pandemic had prompted rising demand for broadband network deployment and speed updates, with fixed-line broadband access revenue up 3.7% for the first nine months of the year.

Write to Yi Wei Wong at yiwei.wong@wsj.com

(END) Dow Jones Newswires

10-21-20 0520ET

Copier lien
All news about CHINA UNICOM (HONG KONG) LIMITED
1d ago
2d ago
11/17
11/13
11/13