Unicom net rises 9pc to 5.6b yuan

China Unicom (0762) said net profit climbed by 8.9 percent yearly to 5.6 billion yuan (HK$6.05 billion) in the three months through March as the services revenue rose.

Operating revenue only increased by 2.3 percent year on year to 99.5 billion yuan.

Income from services expanded by 3.4 percent to 89 billion yuan, but that from selling telecommunications products contracted by 5.9 percent to 10.45 billion yuan.

China Unicom said it will strive to achieve the annual performance target of steady operating revenue growth and double-digit profit growth.