Mar 23 - China Unicom: 2011 Revenue Exceeds CNY 200 Billion, Net Profit Up 14%

Source: Hong Kong Stock Exchange, ChinaScope Financial (Data)

+       China Unicom (762.HK) released its annual report on March 22 showing that the company made CNY 209.17 billion in revenue in 2011, a 22.05% year-on-year increase, and made net profits of CNY 4.23 billion, a 14.2% year-on-year increase. Basic earnings per share were CNY 0.18. China Unicom will make final dividend payouts of CNY 0.1 per share.

China Unicom has maintained stable revenue and profit growth in 2011, partially due to rapid growth in the 3G business. However, China Unicom is not able to challenge China Mobile’s leader position because of great differences in both total user base and ARPU.

Trading comparables of related companies

Other News Headlines:

n  Treasury Deposit Bid Rate at Record High

n  Net Profit of Minsheng Banking Increases 58.81%; Agricultural Bank Increases 28.5%

n  China Unicom: 2011 Revenue Exceeds CNY 200 Billion, Net Profit Up 14%

n  Geely’s Net Profits Increased by 13% YoY to CNY 1.54 Billion in 2011

n  Tingyi (Cayman Islands): 2011 Net Profit Reaches USD 419.5 Million

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here