China Mobile (DE:CTM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Mobile reported a 2% increase in operating revenue to RMB791.5 billion for the first three quarters of 2024, with telecommunications services contributing RMB678.0 billion. Despite a 2% decline in EBITDA, profit attributable to equity shareholders rose by 5.1% to RMB110.9 billion, driven by a growing customer base, including 539 million 5G network users.
For further insights into DE:CTM stock, check out TipRanks’ Stock Analysis page.