China Mobile profits inch down 0.8 pct in Q1

File photo/Zhang Xiaoyin(NBD)

Profits attributable to equity shareholders stood at 23.5 billion yuan (about 3.32 billion U.S. dollars) in the first three months, the company said in a statement.

China Mobile, one of the countrys leading telecommunication operators, on Monday reported its net profits decreased by 0.8 percent year on year in the first quarter of 2022.

By the end of March, China Mobile had 946 million mobile subscribers. Among them, the companys 4G users reached 752 million, while its 5G subscribers amounted to 31.72 million, the statement said.

Operating revenue totaled 181.3 billion yuan during the same period, down 2 percent year on year, of which revenue from telecom services was 168.9 billion yuan, a gain of 1.8 percent, according to the statement.