China Mobile net profit grows 0.3%

23 Apr 2013

China Mobile, the world’s largest wireless provider by subscribers, has reported operating revenues of CNY134.7 billion (USD21.58 billion) for the first three months of 2013, up 5.7% from the corresponding period of 2012. EBITDA edged up less than one percentage point year-on-year to CNY61.21 billion, from CNY60.70 billion. Profit growth was also low, increasing 0.3% y-o-y to CNY27.88 billion. Subscriber growth remains strong, however, and the cellco ended the quarter with 726.3 million users, including 114.4 million 3G customers, compared to 710.3 million and 87.9 million respectively at the start of the year.