综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

China Telecom net slumps 37% in 4th quarter

(Agencies)
Updated: 2008-03-31 15:02

China Telecom's booth at the Beijing Communication Exhibition 2007 on October 10, 2007. The company posted a 37 percent fall in its fourth-quarter net profit on Monday.[Asianewsphoto]

China Telecom Corp Ltd, the larger of the country's two fixed-line operators, posted a 37 percent fall in its quarterly profit on Monday, as China consumers increasingly turn to mobile phones over fixed-line telephones.

China Telecom posted fourth-quarter net profit of 6.44 billion yuan ($917.67 million), compared to 10.19 billion yuan a year earlier, according to Reuters calculations.

The result lagged a forecast of seven billion yuan, according to Reuters Estimates.

China Telecom posted a full-year net profit of 23.7 billion yuan, compared to a slightly revised 27.24 billion yuan a year earlier. That result lagged a forecast for 24.26 billion yuan, according to Reuters Estimates.

It said on Monday it had agreed to buy Beijing Telecom from its parent for 5.56 billion yuan.

China is increasingly turning to mobile phones over fixed-line telephones, which has been reflected in more modest earnings for fixed-line operators China Telecom and smaller rival China Netcom Group Corp.