China Unicom Q1 net profits up 1.4%

China Unicom, the second largest mobile telecom operator in the country, announced on Friday that its net profits slightly went up by 1.4% in the first quarter to reach RMB 1.21 billion.

The company, in its quarter report, said its operating income increased by 6% to RMB 25.95 billion, in which service income was RMB 24.59 billion, up 6% from the same period of 2007. Earnings per share rose 9.9% to RMB 0.057.

The number of GSM subscribers went up by 3.661 million to 124.225 million by the end of March 2008, including 1.721 million post-paid users and 1.94 million pre-paid users. The number of CDMA subscribers hit 42.809 million, up 882,000, in which the pre-paid and post-paid users were 26,000 and 856,000 respectively. (China Knowledge)