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China Unicom net profit rises 21.2 pct in Q1

Abstract : China Unicom, one of the country's leading telecom giants, reported a 21.2-percent surge in net profit in the first quarter amid efforts to push digital transformation and high-quality growth.

BEIJING, April 26 (Xinhua) — China Unicom, one of the country’s leading telecom giants, reported a 21.2-percent surge in net profit in the first quarter amid efforts to push digital transformation and high-quality growth.

Net profit attributable to the parent company exceeded 1.69 billion yuan (about 260.7 million U.S. dollars), it said in a statement filed with the Shanghai Stock Exchange.

Business revenues rose 8.2 percent to 73.92 billion yuan in the reporting period, it said.

The company’s 5G users increased by 21.02 million in Q1, bringing the total number to 91.85 million.

The company has put in place 5G network coverage in all Chinese cities, said the statement. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Unicom net profit rises 21.2 pct in Q1

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