March 23, 2017 / 4:23 AM / 4 months ago

China Mobile says profit rose 0.2 pct last year, matching estimates

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HONG KONG, March 23 (Reuters) - China's largest telecommunications network operator China Mobile Ltd on Thursday reported a 0.2 percent rise in profit for last year, in line with analyst estimates, and said it had raised its dividend payout ratio to 46 percent.

Profit was 108.7 billion yuan ($15.78 billion), compared with the 108.02 billion yuan average of 23 analyst estimates in a Thomson Reuters poll.

Revenue rose 6 percent to 708.4 billion yuan, versus an analyst estimate of 714.59 billion yuan.

The telco declared a final dividend of HK$1.243 per share, up from HK$1.196 a year earlier. ($1 = 6.89 Chinese yuan renminbi) (Reporting by Sijia Jiang; Editing by Christopher Cushing)

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