Tuesday, March 19, 2019

China Telecom's service revenue grew 5.9% in 2018

China Telecom reported 2018 operating revenues of RMB377.1 billion, of which, service revenues amounted to RMB350.4 billion, representing an increase of 5.9% compared to 2017. EBITDA reached RMB104.2 billion, representing an increase of 2.0% over the same period last year. Net profit amounted to RMB21.2 billion, representing an increase
of 13.9% compared to last year, while basic earnings per share were RMB0.262, achieving rapid growth. Capital expenditure was RMB74.9 billion, representing a decrease of 15.5% compared to last year, the third consecutive annual decline.

Some highlights from the company's financial presentation.

China Telecom's full 2018 slide deck is here: https://www.chinatelecom-h.com/en/ir/presentations/annpre190319.pdf