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China Mobile reported that in the first quarter its net profit fell by 8.3%, the maximum rate over the past 2 years, and amounted to 23 billion 700 million yuan. Revenue was at the level of 185 million yuan, a decrease of 0.3% over the year, including revenue from communication services decreased by 0.5%. The main factors that had a negative impact on quarterly indicators were falling revenues from domestic roaming and a reduction in tariffs for data transmission. The total number of customers of the Chinese telecom operator has grown to 931 million users compared to 923 million in the fourth quarter of 2018. The 4G network at the end of the first quarter was used by 723 million people, whereas at the end of last year there were 713 million. The number of customers who used home broadband Internet access rose to 167 million.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
KYC Policy