HONG KONG Oct 18 China Unicom Hong Kong Ltd
said on Tuesday it expected profit for the nine months
to September to slide more than 80 percent, weighed down by
higher selling and marketing expenses.
In a statement to the Hong Kong stock exchange, the company
forecast its nine-month profit at 1.6 billion yuan ($240
million), down 80.6 percent from a year earlier.
For September alone, it said it expected its net addition of
fourth-generation (4G) subscribers to reach approximately 6.05
In August, China Unicom said its first-half profit plunged
80 percent to a 16-year low, as the country's second-largest
telecom service provider racked up heavy expenses to market its
Shares of China Unicom closed down 0.1 percent on Tuesday,
lagging a 1.6 percent rise in the benchmark Hang Seng Index
($1 = 6.6685 Chinese yuan)
(Reporting By Anne Marie Roantree; Editing by Subhranshu Sahu)