China Telecom ends slide in profit

Net profit rose 10 per cent year on year in the first quarter at China Telecom, the world's biggest fixed-line network operator, to 4.7 billion yuan (HK$5.9 billion).

It was the first increase in earnings since the country's third-biggest mobile-telephone operator in terms of users started offering Apple's iPhone in March last year.

Revenue grew 14.6 per cent to 77.8 billion yuan, the company said in a filing with the stock exchange after trading closed yesterday.

via Business feed http://www.scmp.com/business/companies/article/1224182/china-telecom-ends-slide-profit