China Telecom Full-Year Net Profit Drops 9.5%
March 20, 2013 at 04:17 AM EDT
China Telecom Corp (NYSE: CHA ) reported a 9.5% drop in its net profit last year. China Telecom's net profit for the year declined to 14.93 billion yuan (US$2.38 billion), versus CNY16.50 billion, in the year-ago period. Its revenue climbed 15.5% to CNY283.07 billion, versus a restated CNY245.07 billion in 2011.
