China Mobile Q3 profit flat, matches f’casts

HONG KONG, Oct 20 (BestGrowthStock) – China Mobile (0941.HK: ), the
world’s biggest mobile operator by subscribers, reported a 3.5
percent rise in quarterly earnings, matching expectations, as its
market matured and it spent heavily on its year-old 3G system.

The company posted July-September net profit of 29.65 billion
yuan ($4.45 billion), based on Reuters calculations using company
data, up from 28.64 billion yuan a year ago and matching an
average forecast of 29.6 billion yuan from five analysts polled
by Reuters.

Monthly average revenue per user (ARPU), a widely watched
industry indicator, for the first nine months of the year fell to
72 yuan from 75 yuan during the same period a year ago.

China Mobile’s subscriber base of more than 500 million users
is bigger than the population of the United States, Australia and
Germany combined.

Hong Kong-listed China Mobile shares are up about 14 percent
so far this year, beating a 7.7 percent rise on the benchmark
Hang Seng Index (.HSI: ).
(Reporting by Kelvin Soh; Editing by Anshuman Daga and
Jacqueline Wong)

China Mobile Q3 profit flat, matches f’casts