Telecommunications holding group China Mobile Limited, which includes several BVI-, Chinese and Cayman-based companies, and whose major shareholder is China Mobile Hong Kong (BVI) Ltd., announced its results for the six months ended 30 June 2009. The interim results of the company reflected challenges that the Group has met in this period – including macroeconomic slowdown and changes in the competitive environment of the telecommunications industry in China. However, Group’s overall business development remained stable and profitability was favorable.
China Mobile Ltd reported the growth of operating revenue by 8.9%, up to RMB212.9 billion in the first half of 2009. Profit attributable to shareholders was up 1.4%, and made RMB55.3 billion. Margin of profit attributable to shareholders reached 26%. The reported EBITDA level was RMB109.9 billion, representing 5.8% increase compared to the same period of the last year. Basic earnings per share reached RMB2.76 – 1.3% increase if compared to the same period of 2008.
In the first half of 2009, the BVI-controlled group reported continued growth in its customer base, value-added business and voice usage volume. The net addition of new customers was 35.87 mln, total number of customers being 493 mln.
Taking into consideration company’s favorable operating results for the first half of 2009 and its long-term future development, based on the dividend payout plan for the full year of 2009, company’s Board recommended payment of an interim dividend of HK$1.346 per share for the six months ended 30 June 2009.