Unicom reports double-digit revenue growth in 2010, while profit halves

30 Mar 2011

China Unicom has announced that in the year ended 31 December 2010 its revenue increased by 11.5% to RMB171.11 billion (USD26.06 billion), from RMB153.95 billion a year earlier. Unicom recorded EBITDA of RMB59.4 billion, up 2.2%, but network expansion and 3G rollout meant net profit for the year more than halved to RMB3.66 billion, a fall of 55% compared to the RMB9.56 billion reported in 2009. CAPEX for 2010 was RMB70.19 billion, down 37.6% year-on-year.

China, China Unicom