Skip to content
Subscriber Only

China Mobile Profit Rises 7%, Beats Estimate on Data Traffic

China Mobile Ltd., the world’s biggest phone carrier by users, posted a 7 percent gain in second-quarter profit that beat analysts’ estimates after data traffic rose on demand for smartphone games and videos.

Net income rose to 34.4 billion yuan ($5.4 billion) from 32.2 billion yuan a year earlier, according to figures derived from first-half earnings reported to the Hong Kong stock exchange today. The company was projected to post profit of 33.2 billion yuan according to the average of four analysts’ estimates compiled by Bloomberg. Sales rose 9.3 percent to 131.9 billion yuan.