China Mobile Ltd Profit is high just by 2.7%

Posted by Unknown Thursday, March 14, 2013

Chinese Press report shows that China Mobile Ltd has a hike in profit of only 2.7% in 2012. According to previous report, this is the slowest one in the last three years. Moreover, the reason is quite valid behind this. This world’s largest operator has been made crippled by the low-end users and high handsets subsidies.
Chinese Mobile phones

The net increase this year is 129.3 billion Yuan from 125.87 billion Yuan in the previous year. This has been reported on behalf of the company. This statement has been made by the Hong Kong Stock Exchange on Thursday. As per the statement this is an unfortunate rise this year which is just only 2.7%.

The net profit of the previous year was sharply better than that of this year. It was 127.4 billion Yuan. This is the first time fell in profit since 2009 according to Reuters.