China Telecom: Net profit in the third quarter was 6.948 billion yuan, a year-on-year increase of 11.1%

News from this site on October 20, China Telecom announced its third quarter report for 2023. The third quarter revenue was 122.424 billion yuan, an increase of 4.1% over the same period last year; the net profit attributable to the parent company was 6.948 billion yuan, an increase of 11.1% over the same period last year. %; excluding non-net profit was 6.765 billion yuan, an increase of 8.9% over the same period last year.

# China Telecom’s operating income in the first three quarters was 381.103 billion yuan, compared with last year The same period increased by 6.5%, of which service revenue was 349.743 billion yuan, an increase of 6.4% over the same period last year. Net profit attributable to the parent company was 27.101 billion yuan, an increase of 10.4% over the same period last year; non-net profit after deducting was 27.212 billion yuan, an increase of 10.7% over the same period last year; basic earnings per share was RMB 0.30.

This site noticed that mobile communication service revenue in the first three quarters was 151.916 billion yuan, a year-on-year increase of 2.4%. Mobile users had a net increase of 14.63 million, reaching approximately 406 million.

There was a net increase in 5G package users 39.65 million households, reaching approximately 308 million households, with a penetration rate of 75.8%. Mobile user ARPU (average monthly revenue of mobile services/average number of mobile users) was 45.6 yuan, a year-on-year increase of 0.2%.

China Telecom’s operating costs in the first three quarters were 266.329 billion yuan, an increase of 6.1% over the same period last year; sales expenses were 40.752 billion yuan, an increase of 0.1% over the same period last year; administrative expenses were 27.035 billion yuan, an increase over the same period last year 6.4%; R&D expenses were 7.335 billion yuan, an increase of 24.0% over the same period last year.

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