China Unicom moving up on H1 results; rivals also higher


China Unicom (CHU +6.5%), China's second-largest mobile carrier, is trading up after releasing H1 results.

The carrier's H1 numbers impressed, with revenue of 144.31B yuan up 19% Y/Y and earnings of 5.32B yuan (3.43B yuan a year ago) surpassing a consensus of 4.89B yuan.

Profitability continues to rise as the first carrier to adopt the iPhone in China reaps the rewards of out-sized subscription and data revenue growth.

3G ARPU fell to 77.6 yuan (from 91.8 yuan a year ago), as CHU reeled in less wealthy 3G subs via low-cost smartphones.

Shares were temporarily halted in afternoon Hong Kong trading after results were accidentally pre-released on a government website.

Rivals China Mobile (CHL +1.5%) and China Telecom (CHA +2.1%) are up in sympathy.

From other sites
Comments (1)
  • Sam Liu
    , contributor
    Comments (3711) | Send Message
     
    CHU uses EU 3g standards (monopoly)
    8 Aug 2013, 03:05 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs