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China Mobile Interim Net Profit Up 58.3 Pct
China Mobile (Hong Kong) Limited (CMHK) announced its 2001 interim results here Thursday, reporting a net profit of RMB 13,809 million (about 13,015 million Hong Kong dollars), up 58.3 percent over the same period in year 2000.
Operating revenue reached RMB 48,864 million (about 46,055 Hong Kong dollars), up 69.1 percent; EBITDA reached RMB 29,176 million (about 27,499 Hong Kong dollars) with an increase of 73.5 percent; and earnings per share increased 15.6 percent to RMB 0.74 (about 0. 70 Hong Kong dollars).
CMHK's new and value-added services grew rapidly, accounting for 2.4 percent of total revenue. Among these new services, Short Message Services (SMS) had the fastest growth, with total volume reaching 1.3 billion messages.
Wang Xiaochu, chairman and chief executive officer, said CMHK will continue to enhance competitive edges by improving staff quality and management skills, maintaining leadership on network coverage and quality, enhancing product differentiation and implementing the Monternet program, focusing on customer service, and expanding low cost financing channels.
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