Market Overview

China Mobile 2012 Net Profit Rises 2.7%

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China Mobile (NYSE: CHL) reported a 2.7% rise in its net profit last year.

China Mobile's net profit last year rose to 129.3 billion yuan ($20.8 billion), from CNY125.9 billion in 2011.

Its revenue climbed to CNY560.4 billion from CNY528 billion. It also recommended a final dividend of HK$1.778 per share, versus HK$1.747 per share.

China Mobile shares closed at $53.37 yesterday.

Posted-In: profitEarnings News

 

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