Asia Unhedged | China Telecom profits down last year, after one-off in 2015
Photo: AFP
Photo: AFP
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China Telecom profits down last year, after one-off in 2015

Minus the previous year’s disposal of assets profits were up 11.7%

March 22, 2017 2:50 AM (UTC+8)

Chinese mobile and broadband service provider China Telecom saw a 10.2% drop in profits last year, following 2015 numbers boosted from a disposal of assets. MarketWatch reports that discounting the one-off sale in 2015, core profit rose 11.7% last year, slightly lower than analyst expectations.

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