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China Telecom H1 Net Profit Surges 15.9%

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China Telecom (NYSE: CHA) reported a 15.9% rise in its first-half net profit.

China Telecom's net profit for the period surged to 10.21 billion yuan ($1.66 billion), from CNY8.81 billion, in the year-ago period. However, analysts were expecting a profit of CNY10.12 billion.

Its revenue climbed 14.1% to CNY157.52 billion from CNY138.02 billion, versus estimates of CNY157.29 billion.

China Telecom shares closed at $51.75 yesterday.

Posted-In: profitEarnings News

 

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