Business Services Industry
CHINA: CHINA UNICOM'S PROFITS UP 2.7 PERCENT.
IPR Strategic Business Information Database, September, 2002
China's second largest mobile phone operator China Unicom said its first half net profit edged up 2.7 percent in a stronger-than-expected result buoyed by strong sales growth. The net profit of 2.25 billion yuan (US$470 million) for the six months to June was up from 2.19 billion yuan reported a year earlier, the firm said in a statement.
The Company's sales soared 32.1 percent to 17.99 billion yuan from 13.62 billion yuan and operating profit rose to 3.44 billion yuan from 2.63 billion yuan.
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