China Unicom (Hong Kong) Ltd CHU reported a 9% decline in its first-half net profit.
China Unicom's net profit for period came in at CNY2.65 billion, versus a restated CNY2.92 billion, in the year-ago period. However, analysts were expecting a net profit of CNY1.28 billion.
China Unicom's revenue climbed 23% to CNY101.40 billion, versus a restated CNY82.64 billion. Analysts were expecting revenue of CNY98.87 billion.
China Unicom's shares gained 2.87% to close at $17.95 yesterday.
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