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China Mobile H1 Net Profit Rises 1.5%

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China Mobile (NYSE: CHL) reported a 1.5% rise in its net profit in the first half of the year.

China Mobile's net profit for the six months surged to 63.1 billion yuan, versus a year-ago profit of CNY62.20 billion. However, analysts were expecting a net profit of CNY62.338 billion.

Its operating revenue climbed 10.4% to CNY303.1 billion from CNY266.53 billion, versus estimates of CNY281.42 billion.

The company also declared a dividend of HK$1.696 in the first half, versus HK$1.633.

China Mobile shares closed at $54.59 yesterday.

Posted-In: profitEarnings News

 

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