China Mobile (0941) said its net profit for the first nine months jumped by 13 percent year-on-year to 98.5 billion yuan (HK$107.01 billion). Revenue from telecommunications services reached 620.1 billion yuan, an 8.3 percent increase on the same period last year. The company said it will strive to achieve stable and healthy growth in mobile user revenue for the full year. Meanwhile, China Telecom (0728) recorded a 24.54 billion yuan net profit for the first three quarters of 2022, an increase of 5.2 percent over the same period last year. In the first nine months, the company's operating revenues rose 9.6 percent year-on-year to 360.98 billion yuan.

Source: The Standard October 21, 2022 07:15 UTC