China Mobile announces interim results

27 Aug 2008

China Mobile saw revenues increase by 17.9% in the first six months of 2008 to RMB196.5 billion (USD28.7 billion), compared to the same period of 2007. EBITDA rose by 16.2% to RMB104.4 billion, to give an EBITDA margin of 53.1%. Profit attributable to shareholders was RMB54.8 billion, up 44.7% although this was partly due to a change in the enterprise income tax rate. At the end of June the company claimed over 415 million wireless subscribers, an increase of 45.25 million on the start of the year, and reported a monthly ARPU of RMB84, down from RMB88 in the first half of 2007.

China, China Mobile