China Mobile profit jumps 31.9% on booming subscriber growth

19 Mar 2008

China Mobile has announced that its net profit rose 31.9% in 2007 to RMB87.06 billion (USD12.31 billion) on the back of strong subscriber growth and improved airtime usage. China’s largest mobile operator said turnover in the twelve months ended 31 December 2007 grew 20.9% to RMB356.96 billion from RMB295.36 billion a year earlier. Earnings before interest, tax, depreciation and amortization (EBITDA) rose 21.6% to RMB194 billion, while earnings per share rose 31% to RMB4.35.

Operationally, the world’s largest wireless network operator added 68.11 million net new subscribers during the year to take its total to 369.34 million. Monthly average minutes of use per customer was 455 minutes, up from an average of 381 in 2006, while monthly ARPU was steady at RMB89.

China, China Mobile