Friday, 21 September 2018

China Unicom CEO confident of turnaround despite 80% drop in H1 net profit

By Total Telecom staff
Thursday 18 August 16

Wang Xiaochu brushes off reduction in earnings, and says operator laid the foundations for future success during the opening half of 2016.

China Unicom insisted it had laid the foundations for future success during the opening half of 2016, despite recording a near 80% year-on-year drop in net profit during the period.   The operator saw its net profit fall to CNY1.4 billion (&euro…

China Unicom insisted it had laid the foundations for future success during the opening half of 2016, despite recording a near 80% year-on-year drop in net profit during the period.   The operator saw its net profit fall to CNY1.4 billion (&euro…

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