China Unicom's 2018 Net Profit Reached RMB 10.2 Billion, Up By 458% YoY

Updated:2019/3/14 19:08

China Unicom released its 2018 annual results. According to the results, service revenue of China Unicom reached 263.7 billion yuan, up by 5.9% year on year, surpassing the industrial average growth of 3.0%. Its EBITDA came to 84.9 billion yuan, representing a year-on-year growth of 4.3%. Moreover, it posted a pretax profit of 13.1 billion and a net profit of 10.2 billion, jumping 458% year on year.

In 2018, China Unicom deployed 140,000 new 4G base stations, adding up to 990,000 4G base stations.

China Unicom also reported an annual capital expenditure of 44.87 billion yuan, covering the deployment of mobile networks, broadband and data, infrastructure, and transport networks. The expenditure is 10% less than the budgeted 50 billion. At its press conference for results announcement, China Unicom expected its capital expenditure to reach 58 billion yuan in 2019, including an investment of 6 to 8 billion in 5G.

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