Tuesday, February 8, 2011

China Unicom 2010 net profit down 50%

 HC communication network recently released results of China Unicom's notice, the company expects to achieve 2010 net profit attributable to shareholders of listed companies decreased by 50% or more. Estimated net profit at 3.14 billion yuan last year, the company achieved in 2010 net profit attributable to shareholders of listed companies of approximately 15.7 million.

Unicom said that although the company in 2010 operating income growth, but because of the early 3G services is still in operation, depreciation and amortization, network, operating and support costs and marketing costs, especially in 3G terminal cost increases subsidies faster, to 2010, brought greater pressure on earnings.

Unicom announced last week, data carriers, the company's 3G users totaled 14.06 million, exceeding the 10 million target. Add the month to reach 1.28 million 3G subscribers, the highest since China Unicom launched 3G services to increase the maximum monthly amount. In this regard, in gold, CITIC, Everbright, Oriental and other brokerage analysts have given a positive assessment.

pay for the telecommunications industry analyst, said Liang, last year China Unicom WCDMA network has the largest global WCDMA network, and reserves the ultra-million 3G users. Besides iPhone, iPad not only beneficial to the introduction of market users in the high-end users, but also facilitate the increased value of the user's ARPU (average revenue per user). China Unicom also from a single high-end strategy to balance and focus to achieve the user from the terminal to the network and business transfer. After the news that China Unicom is expected to add 50 million this year, 3G users.

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