Decline Of Mobile Users Doesn't Dent China Telecom's RevenueSeptember 5, 2014 | Print | Comments | Category: Business, Telecom & Wireless
Chinese telecom operator China Telecom published its semi-annual performance for 2014, stating that the company's operating revenue reached CNY166 billion during the first half of 2014, representing a year-on-year increase of 5.3%.
Though its 3G users saw a net increase of 4.13 million, accounting for about 60% of its total users, the company's mobile users decreased by 5.34 million to 180 million.
Meanwhile, the company said that after deducting sales of mobile devices, the company's operating revenue was CNY149.4 billion, a year-on-year increase of 7.3%. Of that total, revenue from emerging businesses accounted for 28% of the total revenue, an increase of five percentage points compared with the same period of last year.
The company's net profit attributable to shareholders was CNY11.4 billion, a year-on-year increase of 11.8%; its earnings before interest, taxes, depreciation and amortization were CNY50.5 billion; its EBITDA rate was 33.8%; and its net profit per share was CNY0.14. In addition, the company's capital expenditure was CNY23.1 billion and its free cash flow was CNY23.9 billion.
In addition, from January to June 2014, China Telecom's wired broadband services realized revenue of CNY36.4 billion, a year-on-year increase of 3.4%; and the number of its wired broadband users reached 104 million, a net increase of 4.03 million. Of the total, Fiber-to-the-Home users reached 33 million, accounting for about 32% of total users.
China Telecom's emerging services realized revenue of CNY41.3 billion, a year-on-year increase of 30%. Its total 3G mobile Internet traffic surged by nearly 80% during the first six months of 2014 and its IDC revenue was CNY4.8 billion.
Image Credit: Lewis Tse Pui Lung
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