China Unicom 2016 net profit slump 94.1%

China Unicom on March 15 released its financial report for 2016, posting consolidated revenues of CNY240.98 billion (US$36.29 billion), growing 2.4% on year, EBITDA (earnings before interest, tax, depreciation, amortization) of CNY79.50 billion, down 9.1%, and net profit of CNY630 million, down 94.1%.

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