Related News
Merger boosts telco's net profit
Source: Agencies |
April 30, 2009, Thursday
|
Print Edition
Print Edition
CHINA Unicom Ltd, one of China's three major phone companies, yesterday said it earned 3.6 billion yuan (US$525 million) in the first quarter this year following its merger with rival China Netcom.
The net profit for the three months ended March 31 was equal to 0.15 yuan per share, the Beijing-based telco said. It said no comparable 2008 figures were given because last year's financial reports were not prepared under the same standards.
China Unicom and China Netcom completed a merger in January as part of a government-orchestrated industry restructuring by creating three Chinese phone companies, each with mobile and fixed-line assets.
China Unicom was assigned a third-generation mobile phone license in January following the restructuring.
The net profit for the three months ended March 31 was equal to 0.15 yuan per share, the Beijing-based telco said. It said no comparable 2008 figures were given because last year's financial reports were not prepared under the same standards.
China Unicom and China Netcom completed a merger in January as part of a government-orchestrated industry restructuring by creating three Chinese phone companies, each with mobile and fixed-line assets.
China Unicom was assigned a third-generation mobile phone license in January following the restructuring.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
