China Mobile profit increases 4.7% to $9.62 billion in the first half of 2018

The world’s largest telecoms operator (by subscribers), China Mobile has reported what it called a “stable” 4.7% year-on-year increase in profit for the first half of 2018 to 65.64 billion yuan ($9.62 billion).

Operating revenue for the quarter grew 2.9% year-on-year to 391.83 billion yuan, with the telecoms service revenue growing 5.5% over the same period to 356.61 billion yuan.

The company’s total subscription base increased to 1.42 billion during the quarter, comprising 906 million mobile connections, 135 million wireline broadband connections and 384 million IoT connections.