China Telecom 2014 Profit Edges Higher

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

China Telecom Corp.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

(NYSE: CHA) reported a rise in its net profit for 2014.China Telecom's net profit for the year surged to CNY17.68 billion (US$2.83 billion), versus a year-ago profit of CNY17.55 billion. Basic earnings per share came in at RMB0.22.Its revenue gained 0.9% to CNY324.39 billion, compared to CNY321.58 billion. Analysts were expecting a profit of 21 billion yuan on revenue of 331.6 billion yuan.Operating revenue rose 0.9% to RMB324.4 billion, while service revenue climbed 3% to RMB287.4 billion.China Telecom shares rose 1.26% to close at $61.69 yesterday.