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China Unicom's Net Profit in 2019: CNY 11.3 Billion, Up By 11.1% YoY

China Unicom's Net Profit in 2019: CNY 11.3 Billion, Up By 11.1% YoY

(Summary description)ChinaUnicomreleasedits2019financialreportyesterday,showingthatintheyear2019,itachievedaservicerevenueofCNY264.4billion,up0.3%year-on-year;theprofitbeforetaxesreachedCNY14.2billion,andthenetprofitreach

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China Unicom released its 2019 financial report yesterday, showing that in the year 2019, it achieved a service revenue of CNY 264.4 billion, up 0.3% year-on-year; the profit before taxes reached CNY 14.2 billion, and the net profit reached CNY 11.3 billion, up 11.1%  year-on-year.
 
Data show that in 2019, China Unicom's total capital expenditure was CNY 56.4 billion, and the free cash flow remained strong at CNY 26.4 billion. As of the end of 2019, the company's asset-liability ratio was 39.3%, down 2.5% year-on-year.
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