China Unicom H1 2009 Profits Down 42%
China Unicom Press Release, 8/25/09
Chinese mobile operator China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has released its interim financial results for H1 2009, with operating revenues reaching RMB 76.32 bln.
H1 profit from continuing operations came to RMB 6.62 bln, down 42.1% YoY.
Of the total revenue for the period, service revenue was RMB 74.51 bln, down 4.3% from the same period of last year. Of this, service revenue from the company's GSM business reached RMB 34.19 bln while service revenue from Unicom's fixed-line business reached RMB 40.19 bln, representing a decline of 11.3% YoY. Of the fixed-line business revenue, revenue from the fixed-line broadband service was RMB 11.73 bln, representing an increase of 10.3% YoY.
In the first half of the year, China Unicom saw a net addition 7 mln GSM subscribers, pushing its total GSM user base to 140.38 mln. ARPU was RMB 41.7, representing a decline of 4.3% over the same period of last year and remained stable compared with the second half of last year. Unicom's wireless value-added services accounted for 26.8% of the total revenue from mobile services, representing an increase of 2.5 percentage points over the same period of last year. Revenue from GPRS reached RMB 1.32 bln.
In the first half of the year, China Unicom recorded a net addition of 4.8 mln fixed-line broadband subscribers, bringing its total to 34.9 mln. ARPU was RMB 60.2, representing a decline of 13.5%; the company lost a total of 1.12 mln local telephone subscribers, dropping its total to 108.45 mln. The revenue proportion of the fixed-line non-voice business to the total fixed-line service revenue (excluding upfront connection fees) reached 47.2%.
Keywords: China Unicom ARPU fixed-line subscribers mobile subscribers H1 2009 profit revenue wireless broadband subscribers GPRS GSM 0762.HK 600050.SH CHU fiscal report WVAS
Sending
