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China Telecom 2013 Net Profit Rises 17%

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China Telecom Corp (NYSE: CHA) reported a 17% gain in its 2013 net profit.

China Telecom's net profit for the year surged to 17.55 billion yuan ($2.8 billion), versus a year-ago profit of 14.95 billion yuan.

Its revenue jumped 14% to 321.58 billion yuan.

China Telecom shares closed at $41.27 yesterday.

Posted-In: profitEarnings News

 

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