China Mobile Net Profit Drops 5.9%

China Mobile CHL reported a 5.9% drop in its net profit last year. China Mobile's net profit for the year fell to 121.70 billion yuan ($19.6 billion), versus a year-ago profit of 129.30 billion yuan. Its revenue climbed 8.3% to 630.18 billion yuan versus 581.84 billion yuan. China Mobile shares closed at $44.63 yesterday.