Investors in China Mobile (CHL) are happy as the company today posted its 2006 annual results and said net profit for 2006 rose 23.3% to CNY66 billion from CNY53.55 billion in 2005.

China Mobile's subscribers exceeded 300 million in 2006, a 22% increase from 2005. The company used those new users to balloon its revenue to CNY295.4 billion, up 21.5% from 2005.

Revenue attributable to its mobile value-added businesses grew 38.1% year-on-year to CNY69.3 billion and accounted for 23.5% of the group's total operating revenue in the year.

The company also declared a final dividend of HK$0.763 per share.