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China Telecom Q3 Profit Surges 20%

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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.

Posted-In: profitEarnings News

 

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