China Mobile books strong H1

10 Aug 2017

China Mobile, the world’s largest wireless provider by subscribers, has booked a 5.0% year-on-year increase in operating revenue for the first six months of 2017, registering turnover of CNY388.87 billion (USD58.2 billion) for the period. The expansion was driven primarily by growth in the fixed and mobile broadband segments. In the mobile space, turnover from traditional voice and SMS services continued to decline, falling by 26.8% and 4.2% to CNY88.13 billion and CNY14.51 billion, respectively. This slump was more than offset, however, by improvements in the mobile data segment, which saw a 33.7% increase in turnover to CNY184.84 billion on the back of strong subscriber growth and a small improvement in ARPU: Mobile counted a total of 593.65 million 4G users at end-June 2017, compared to 428.54 million twelve months earlier, and ARPU inched up to CNY62.2 from CNY61.5 over the same period. In the fixed broadband space, Mobile’s user base expanded from 65.84 million to 93.04 million, whilst ARPU reached CNY34.9 from CNY33.4 in mid-2016. Alongside the revenue growth, China Mobile also registered a 5.5% increase in operating expenses to CNY320.90 billion. EBITDA for the period was CNY140.71 billion, an increase of 4.7% y-o-y, and net profit grew 3.5% compared to H1 2016 to CNY62.68 billion.

China, China Mobile