China Mobile Posts 30 % Profit for 2008

  • china_mobile_logoTurnover reached RMB 412.3 billion, up by 15.5%
  • EBITDA of RMB 216.5 billion, up by 11.6%
  • Profit attributable to shareholders of RMB 112.8 billion, up by 29.6%
  • Total subscribers exceeded 457 million, up by 23.8%
  • Proposed final dividend of HK$1.404 per share, including interim dividend of HK$1.339 per share paid, total dividend for 2008 amountingto HK$2.743 per share, representing a dividend payout ratio of 43%

China Mobile Limited (referred as the “China Mobile”, and together with its subsidiaries, the “Group”) has announced its 2008 annual results with profits going up 30 percent.

Despite global financial crisis, several natural disasters and steady growth rate, through a combination of effective management, the efforts of all its workforce, company recorded a healthy business performance and continued to maintain favorable profitability.

In 2008, the Group’s operating revenue continued its steady growth, reaching RMB 412,343 million, up 15.5 percent. year-on-year. Profitability remained favorable. Due partly to the positive impact of change in PRC enterprise income tax rate, profit attributable to shareholders reached RMB 112,793 million — rose 29.6 per cent. year-on-year. Margin of profit attributable to shareholders reached a relatively high level of 27.4 per cent.. EBITDA reached RMB 216,487 million, up 11.6 per cent., with a margin of 52.5 per cent.. Basic earnings per share reached RMB 5.63, up 29.4 per cent. year-on-year.

The Group enjoyed continued growth in its subscriber base, value-added business and voice usage volume, which in turn became the driving force for operating revenue growth. The net increase in new subscribers per month was over 7.3 million, taking total subscriber number to 457 million. Value-added business grew strongly, continuing to increase its contribution to total revenue. The gradual changes to the tariff structure drove the increase in voice usage volume, which contributed to the steady growth of operating revenue. As at 31 December 2008, the Group’s total voice usage volume was 2,441.31 billion minutes and the average minutes of usage per user per month (MOU) was 492 minutes. Average revenue per user per month (ARPU) was RMB 83.

In 2007, the firm made its first, and so far, only overseas investment when it brought Pakistan based mobile operator, Paktel for $460 million.

Tech reporter with over 10 years of experience, founder of ProPakistani.PK


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