China Telecom Net Profit in 2018: 21.2 Billion RMB, Up By 13.9% YoY

Updated:2019/3/20 14:20

China Telecom has released its 2018 annual results. In 2018, its operating income reaches 377.1 billion, with the service income of 350.4 billion, a year-on-year increase of 5.9% and has been higher than the industry average for many years. The income for the emerging business sector accounts for 51.9% of the total service revenue, representing an increase of 6 percent, and the revenue structure has continued to optimize.

The EBITDA has reached 104.2 billion, 2.0% higher over the previous year. The net profit has reached 21.2 billion, 13.9% higher over the previous year. The basic net profit per share is 0.262, representing rapid growth. The capital expenditure is 74.9 billion, representng a fall of15.5% over the previous year and it has fallen for three consecutive years.

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