Sunday, July 22, 2018
Martin Hennecke

China Mobile announces windfall dividen-d
A 3.5-percent rise in first-half net profit has been posted by China Mobile (0941) largely on the strength of it adding fourth-generation subscribers.

And the country's top telecommunications firm is about to start 5G field tests.

The company announced an interim dividend of HK$1.62 per share and a special dividend of HK$3.20 to celebrate the 20th anniversary of its Hong Kong listing.

Profit for the six months to June 30 was 62.7 billion yuan (HK$73.6 billion) compared to 60.6 billion yuan 12 months earlier. And operating revenue rose 5 percent to 388.9 billion yuan against 370.4 billion yuan.

In announcing its readiness to start field tests for 5G, China Mobile spoke of "steadily driving the business forward taking into account the maturity of the 5G standard."

Subscribers to its 4G mobile network, the world's largest, now number 594 million with the addition of 58.6 million new customers. And China Mobile believes it is set to hit its target of 100 million 4G users this year.

That is predicted alongside UBS Securities Asia telecom analyst Wang Jinjin expecting capital expenditure in China's telecom industry to continue to drop in 2017 and 2018. She says it will be 2020 before there is a significant increase.

Shares of China Mobile rose 2.78 percent yesterday to HK$87.

Previous news : Yuan gets breather as Hang Seng falls


Register  Forget Password
Advanced Search
© 2018 The Standard, The Standard Newspapers Publishing Ltd.
Home | Business | Metro | Focus | Opinion | Markets | World | Sports | Entertainment | Monday Money | Property | Macau | Weekend