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| China Mobile's first-half profit up 25.7% |
BEIJING, Aug. 17 (Xinhuanet) -- China's No. 1 mobile phone carrier said Thursday its first-half profits from a year earlier rose 25.7 percent on strong growth in value-added services.
China Mobile Ltd.'s earnings totaled 37.9 billion yuan (5 billion U.S. dollars) in the six months ending June 31, the company announced. It said revenues grew 21.6 percent to 166.6 billion yuan (21.9 billion dollars).
Income for value-added services jumped by 35.5 percent to 41.9 billion yuan (5.5 billion dollars) the Beijing-based company said. It said such services now account for 25.2 percent of revenues, up 2.6 percent from the same period last year.
China Mobile said it added 31.1 million new subscribers in the first half for a total of 333 million, up 21.4 percent from the year-earlier period. Amost 50 percent of all new customers were from China's populous countryside.
"In the second half of 2007, we will continue to focus on exploring rural markets, expanding value-added services and optimizing our network to provide strong support for future growth," chairman Wang Jianzhou said in a statement.
China already has the world's largest number of mobile phone users and the market is expected to grow rapidly in coming years as incomes rise.
The government says the number of Chinese mobile phone subscribers should reach 520 million this year, up from 460 million in 2006.
The number of mobile phone users should exceed 600 million by 2010, the government says.
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