China Mobile First-Quarter Profit Rises 5.4% on Data Sales
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China Mobile Ltd., the world’s biggest phone carrier by users, reported an 5.4 percent increase in first-quarter profit as sales were lifted by mobile Web users downloading music and games on smartphones.
Net income climbed to 26.9 billion yuan ($4.1 billion), from 25.5 billion yuan a year earlier, the carrier said in a statement to the Hong Kong Stock Exchange today. Sales rose 8.3 percent to 118.2 billion yuan.