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China Telecom (NYSE:CHA): H1 net profit -8.3% to 8.81B yuan ($1.39B) vs. consensus of 7.72B...

Aug. 22, 2012 3:10 AM ETChina Telecom Corporation Limited (CHA) StockCHABy: Yigal Grayeff, SA News Editor
China Telecom (NYSE:CHA): H1 net profit -8.3% to 8.81B yuan ($1.39B) vs. consensus of 7.72B yuan. Revenue +14.8% to 138.02B vs. 134.66B yuan. 3G users +40% from end of 2011, faster than rivals. iPhone marketing expenses to weigh on profitability. To acquire CDMA assets from parent company for 84.6B yuan, lower than expected. Not offering dividend for H1. (PR)

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China Telecom Corporation Limited