China Telecom posted double-digit growth in both revenues and profits. Operating revenues amounted to RMB157.5 billion, representing an increase of 14.1% over the same period last year. Excluding mobile terminal sales, operating revenues were RMB139.2 billion, representing an increase of 10.0% over the same period last year.
EBITDA for the first half of 2013 was RMB50.1 billion, while EBITDA margin was 36.0%. The profit attributable to equity holders of the Company was RMB10.2 billion, representing an increase of 15.9% over the same period last year.
Some highlights from the China Telecom's 1H2103 investor report:
- Added 13.88 million mobile subscribers, bringing the total to 175 million.
- 3G subscribers accounted for 50% of total mobile subscribers or 87.33 million.
- 3G smartphone subscribers accounted for 44% of total mobile subscribers.
- 3G APU = RMB 70
- 2G APU = 41
- Aggregate 3G handset data traffic was up 2X over last year.
- Mobile service revenues amounted to RMB54.6 billion, representing an increase of 28.3% over the same period last year, and accounted for 35% of the total revenues.
- Revenues from wireline broadband services amounted to RMB35.2 billion, representing an increase of 5.5% over the same period last year.
- The number of wireline broadband subscribers reached 95.82 million with a net addition of 5.7 million, among which the number of Fibre-to-the-Home (FTTH) subscribers reached 21 million.
- Local wireline voice usage was down 15.5% compared to last year.
- Long distance wireline voice usage was down 21% compared to last year.
- Mobile voice usage (aggregate minutes on the network) was up 20.4% compared to last year.
- Traditional access lines in service fell 3.4% to 159 million.
- Public phones in service fell 1% to 12.9 million.