Wednesday, 20 June 2018

China Unicom warns of 1H profit slump

By Mary Lennighan, Total Telecom
Wednesday 03 August 16

Chinese telco has turned around mobile customer losses, but says sales and marketing costs increased significantly.

China Unicom expects to post a hefty decline in profit for the first half of this year due to rising costs, it warned recently. The Chinese operator said profit attributable to equity shareholders will fall by around 80% year-on-year in the six months to the end of June…

China Unicom expects to post a hefty decline in profit for the first half of this year due to rising costs, it warned recently. The Chinese operator said profit attributable to equity shareholders will fall by around 80% year-on-year in the six months to the end of June…

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