国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

China Mobile H1 earnings growth slows on competition

(China Daily/Agencies)
Updated: 2009-08-21 08:05

China Mobile, the world's largest mobile carrier, faces a further squeeze on profit margins as competitive pressures intensify and an expensive buildout of a new 3G network weighs.

The firm, which had 493 million users at the end of June, yesterday posted its slowest interim profit growth since it listed in 1997 and said it expects average revenue per user (ARPU), a key barometer of earnings, to slide in the months to come.

Like smaller rivals China Unicom and China Telecom, which now compete with a full range of services after a major restructuring last year, China Mobile is aggressively moving into rural areas as urban markets become saturated.

"We can't preserve such a (high) margin for the long term," Chief Financial Officer Xue Taohai said.

Its expensive rollout of a new third generation (3G) network is also off to a rough start due partly to an untried domestic standard it has been assigned to develop as part of the government push to encourage homegrown technology.

Special Coverage: Interim Results of Listed Companies Related readings:  China Mobile online store out  China Mobile sharply cut international fares  China Mobile to cover 98% of villages  China Mobile makes an ambitious bid to save energy   China Mobile plans mainland market listing via CDR

China Mobile shares ended down 0.2 percent, lagging China Enterprises Index 2.3 percent rise. Its margin on earnings before interest, tax, depreciation and amortization in the first half was 51.6 percent, falling slightly from a year earlier.

China Mobile said last month it had signed up only 1.2 million 3G users and acknowledged it would be difficult to get 3 million by year end, far short of the 10 million the Shanghai Securities News said the firm had originally targeted.