China Mobile 2016 net profit up 0.2% on year

The largest China-based mobile telecom carrier China Mobile on March 23 released its financial report for 2016, recording consolidated revenues of CNY708.421 billion (US$106.7 billion), increasing 6% on year, EBITDA (earnings before interest, tax, depreciation, amortization) of CNY256.677 billion, up 6.9%, net operating profit CNY118.088 billion, up 14.7%, and net profit CNY108.741 billion, up 0.2%.

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