Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Telecom Corporation Limited    0728   CNE1000002V2

CHINA TELECOM CORPORATION LIMITED (0728)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

China Telecom Corporation Limited : China Telecom Earnings Fall on Rising Costs

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/29/2012 | 08:29am CEST

BEIJING--China Telecom Corp.'s (CHA) January-September net profit fell 8% from a year earlier as increased costs associated with handset sales and network lease fees outweighed rising revenue.

China's largest fixed-line operator by subscribers has been spending heavily to fuel growth in the mobile services business it bought from rival China Unicom (Hong Kong) Ltd. in 2008 as part of a government-mandated restructuring of the China's telecommunications sector.

China Telecom, which started selling Apple Inc.'s iPhone in China earlier this year, still lags behind China Unicom and China Mobile Ltd. in the race to attract users of third-generation mobile services, which offer faster data speeds and more revenue per user than more common second-generation services.

Net profit in the nine months ended Sept. 30 totaled 12.56 billion yuan ($1.99 billion), down from a restated 13.66 billion yuan a year earlier. Revenue rose 15% to 209.98 billion yuan from a restated 182.48 billion yuan.

Sales promotions and higher costs associated with selling more mobile devices increased expenses in the January-September period. Selling, general and administrative expenses in the period rose 35% from a year earlier to 45.17 billion yuan, while other operating expenses rose 44% to 29.98 billion yuan.

China Telecom said marketing initiatives also increased following its iPhone launch, which put it up against rival China Unicom as the only official sellers of the smartphone in China. China Mobile doesn't offer the popular high-end phone because it has its own unique 3G standard that isn't widely used outside of China.

China Telecom said it added 8.76 million subscribers for its 3G mobile services in the third quarter, speeding up from about 7.41 million in the second quarter. That nonetheless left the company with 59.72 million 3G subscribers, less than China Unicom's 66.9 million and China Mobile's 75.6 million.

Average monthly revenue per user, a key measure of the long-term growth rate of telecom companies, for China Telecom's mobile services in the January-September period was 52.7 yuan, the company said. This was "primarily stable" compared with the figure for all of 2011, it said.

The company said strong growth in Internet and data services helped to mitigate the decline in users for its wireline voice services, which have fallen as customers increasingly switch to mobile phones from land-line phones.

Write to Paul Mozur at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA TELECOM CORPORATION
04/19Chinese trio to pilot 5G networks
AQ
04/19Tests of 5G networks poised to expand
AQ
04/14ICT lifts China to become global trendsetter
AQ
04/13CHINA TELECOM : Scaling down
AQ
04/13ICT lifts China to become global trendsetter
AQ
04/12Huawei First to Complete IMT-2020 (5G) Promotion Group's Core Network Test fo..
AQ
04/12CHINA TELECOM : Recognized in Gartners 2018 Critical Capabilities Report for Net..
AQ
03/30Telecom firms post growth in earnings
AQ
03/30Telecom firms post growth in earnings
AQ
03/29CHINA TELECOM : profit grows 3.3% in 2017
AQ
More news
News from SeekingAlpha
04/1532 Of 74 Communication Services Equities Show 'Safer' Dividends For April 
03/30Lenovo, China Telecom Mull CDR Homecomings 
03/28China Telecom beats profit estimates on rising subscribers 
03/28China Telecom Corporation Limited 2017 Q4 - Results - Earnings Call Slides 
01/24China opening telecom market with move to license virtual operators 
Financials ( CNY)
Sales 2018 385 B
EBIT 2018 30 069 M
Net income 2018 20 607 M
Debt 2018 72 641 M
Yield 2018 3,54%
P/E ratio 2018 11,40
P/E ratio 2019 10,26
EV / Sales 2018 0,80x
EV / Sales 2019 0,76x
Capitalization 237 B
Chart CHINA TELECOM CORPORATION
Duration : Period :
China Telecom Corporation  Technical Analysis Chart | 0728 | CNE1000002V2 | 4-Traders
Technical analysis trends CHINA TELECOM CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 3,58  CNY
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Jie Yang Chairman & Chief Executive Officer
Ai Li Liu President & Chief Operating Officer
Yi Xun Sui Chairman-Supervisory Board
An Di Wu Chief Financial Officer & EVP
Er Ming Xu Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CHINA TELECOM CORPORATION LIMITED-2.41%37 534
AT&T-10.83%212 927
CHINA MOBILE LTD.-7.76%190 180
NTT DOCOMO INC2.28%97 022
SOFTBANK GROUP CORP-10.23%84 624
VODAFONE GROUP-10.64%78 563