Netcom reports five fold profit hike

21 Mar 2006

China Netcom has reported a hike in net income for the full year 2005 from RMB2.7 billion to RMB13.9 billion, thanks to the inclusion for the first time of four new provincial operators. Sales rose 4.5% from RMB83.5 billion in 2004 to RMB87.2 billion. Netcom completed its acquisition of four networks – in Heilongjiang, Jilin, Inner Mongolia and Shanxi – from its parent last October, in a move which significantly boosted its performance.

China, China Netcom