China Unicom in the first three quarters of net profit is expected to decrease by about 81.8% year on year 490 million

Net profit China Unicom announcement performance parent company

zhongguojingjiwang· 2016-10-22 13:35:06

中国联通前三季度净利润预计约4.9 亿 同比减少81.8%

China Economic Net Beijing on October 19th news last night, China United Network Communications Limited by Share Ltd (Stock Code: 600050 stock abbreviation: China Unicom [0.99% funding research report]) released the first three quarters of 2016, the results of pre cut announcement, notice that the preliminary estimates by the finance department, before the three quarter of 2016 net profit attributable to the parent the company is expected to be approximately 490 million yuan, compared with the same period last year, reduced by about 81.8%.

on the results of pre reduction of the main reasons and related analysis, the announcement noted that in the first three quarters of 2016, the company fully to grab the basis of short board, the company began to improve. Mobile business to reverse the management predicament has achieved initial success, the period moves out of account users is expected to reach about 262 million, a net increase of about 9 million 760 thousand, successfully reversing last year mobile users for more than a month downward trend; the 4G user is expected to reach about 88 million 900 thousand, a net increase of about 44 million 750 thousand households, the month of September, 4G subscribers increased by approximately 6 million 50 thousand households. Net profit for the period attributable to the parent company declined significantly over the same period last year, mainly due to cost of sales expected period increased significantly over the same period last year, and the tower costs increase and energy, such as property rental cost increase is expected to lead to network operation and support costs increased significantly over the same period last year, but the second half of last year net loss attributable to the parent company (not including the tower sold about 1 billion 140 million yuan revenue) have improved significantly.

announced that the Future Ltd will pay close attention to the focus of the strategic landing, innovation and cooperation and development, to promote the gradual reversal of sustained performance.

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