China Mobile Numbers

For all who get excited about the mobile numbers in India, take a look at China Mobile. From WSJ:

The listed arm of China’s largest mobile carrier by subscribers reported net profit of 17.56 billion yuan ($2.28 billion), up from 14.36 billion yuan in the year-earlier period. Revenue increased 20% to 77.71 billion yuan.

The company added 14.89 million subscribers in the first quarter this year, up from the 14.08 million users it added in the fourth quarter. It added 5.12 million subscribers in March, up from February’s addition of 4.91 million subscribers. China Mobile had 316.12 million subscribers as of the end of March.

Average revenue per user per month in the first quarter fell to 85 yuan from 93 yuan a year earlier.

The company’s earnings before interest, taxes, depreciation and amortization rose 14% to 40.72 billion yuan. Its margin for earnings before interest, taxes, depreciation and amortization, or Ebitda, was 52.4%.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.