China Telecom expects net profit in 2021 to grow by 23%-25% year-on-year

Updated:2022/3/16 14:29

China Telecom announced the preliminary accounting results of financial data in 2021. According to the results, China Telecom’s operating income in 2021 rose by 10%-12% year-on-year, and the net profit attributable to shareholders of the parent company increased by 23%-25% year-on-year.

Based on the data of China Telecom’s revenue of RMB 393.6 billion and net profit of RMB 20.9 billion in 2020, China Telecom’s revenue in 2021 will range from RMB 432.96 billion to RMB 440.83 billion; the net profit will range from RMB 25.71 billion to RMB 26.13 billion.

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