China Telecom Q3 Profit Surges 20%
China Telecom (NYSE: CHA) reported a 20% rise in its third-quarter net profit.
China Telecom's quarterly net profit surged to CNY4.50 billion ($739.8 million), from CNY3.75 billion, in the year-ago period.
Its revenue climbed 12% to CNY80.67 billion versus CNY71.96 billion.
China Telecom shares closed at $52.27 on Friday.
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