China Mobile net profit up 7.7% in 2021

Chinese telecommunications company China Mobile ended last year with a net profit of 116.15 billion yuan, up 7.7% from a year earlier. At the end of the year, operating income reached 848.26 billion yuan. Its volume increased by 10%. Last year, 957 million people used the mobile communications of the world’s largest operator. For twelve months, the indicator increased by 1.6%. 387 million subscribers used 5G networks during the year, which is 134% more than in the previous year. One subscriber who used the mobile network services brought the company an average revenue of 48.8 yuan. The indicator for the year increased by 3%. At the end of the year, there were 218 million households using home broadband internet, up 13.5% from 2020. Among the factors that continue to negatively affect the company’s operations this year are the shortage of semiconductors, as well as fluctuations in commodity prices and energy resources.

Source: xCritical.com