Market Overview

China Telecom Q1 Profit Falls


China Telecom Corporation Limited (ADR) (NYSE: CHA) reported a 9 percent drop in its net profit for the first quarter.

China Telecom's quarterly net profit slipped to 5.05 billion yuan (US$813.2 million).

Its operating revenue declined 2.1 percent to CNY81.45 billion.

The number of subscribers surged 3.2 million to 189 million in the latest quarter.

China Telecom shares rose 0.52 percent to close at $77.93 yesterday.

Posted-In: profitEarnings News


Related Articles (CHA)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Banco Santander Posts Rise In Q1 Profit

Daimler Q1 Profit Surges