Reuters logo
BRIEF-China Unicom Hong Kong posts 94 pct drop in full-year net profit
March 15, 2017 / 8:50 AM / 9 months ago

BRIEF-China Unicom Hong Kong posts 94 pct drop in full-year net profit

March 15 (Reuters) - China Unicom Hong Kong Ltd

* FY mobile billing subscriber average revenue per user (ARPU) RMB46.4

* FY profit attributable to equity shareholders of company was RMB0.63 billion, down by 94.1% year-on-year

* 2016, service revenue of company reached RMB240.98 billion, up 2.4% year-on-year

* FY broadband access ARPU RMB49.4

* FY revenue RMB274.197 billion versus RMB277.049 billion

* Going forward, the company will continue to strive to improve profitability

* Board has resolved not to pay a dividend for the year 2016

* Will promote frequency band and capacity reduction of 2G/3G networks in an orderly manner to improve management, cost effectiveness

* Company approved payment of a final dividend of RMB0.17 per ordinary share for 2015 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below