China Unicom sees profit surge
<p><span word="Download">Download</span></p><p><span word="China">China</span> <span word="Unicom">Unicom</span> (<span word="Hong">Hong</span> <span word="Kong">Kong</span>), <span word="the">the</span> <span word="nation">nation</span>'<span word="s">s</span> <span word="second">second</span>-<span word="largest">largest</span> <span word="telecom">telecom</span> <span word="operator">operator</span>, <span word="saw">saw</span> <span word="net">net</span> <span word="profits">profits</span> <span word="surge">surge</span> 89 <span word="percent">percent</span> <span word="to">to</span> 1.9 <span word="billion">billion</span> <span word="yuan">yuan</span> ($307.7 <span word="million">million</span>) <span word="in">in</span> <span word="the">the</span> <span word="first">first</span> <span word="quarter">quarter</span>, <span word="thanks">thanks</span> <span word="to">to</span> <span word="the">the</span> <span word="company">company</span>'<span word="s">s</span> <span word="burgeoning">burgeoning</span> <span word="third">third</span>-<span word="generation">generation</span>, <span word="or">or</span> 3<span word="G">G</span>, <span word="network">network</span> <span word="business">business</span>.</p><p><span word="In">In</span> <span word="a">a</span> <span word="filing">filing</span> <span word="to">to</span> <span word="the">the</span> <span word="Hong">Hong</span> <span word="Kong">Kong</span> <span word="Stock">Stock</span> <span word="Exchange">Exchange</span> <span word="on">on</span> <span word="Thursday">Thursday</span>, <span word="China">China</span> <span word="Unicom">Unicom</span> <span word="said">said</span> <span word="revenues">revenues</span> <span word="rose">rose</span> 15 <span word="percent">percent</span> <span word="to">to</span> 70.6 <span word="billion">billion</span> <span word="yuan">yuan</span> <span word="in">in</span> <span word="the">the</span> <span word="three">three</span> <span word="months">months</span>.</p><p><span word="The">The</span> <span word="performance">performance</span> <span word="means">means</span> <span word="Unicom">Unicom</span> <span word="has">has</span> <span word="managed">managed</span> <span word="to">to</span> <span word="narrow">narrow</span> <span word="the">the</span> <span word="profit">profit</span> <span word="gap">gap</span> <span word="between">between</span> <span word="it">it</span> <span word="and">and</span> <span word="major">major</span> <span word="domestic">domestic</span> <span word="rival">rival</span> <span word="China">China</span> <span word="Mobile">Mobile</span>.</p><p><span word="The">The</span> <span word="latter">latter</span> <span word="this">this</span> <span word="week">week</span> <span word="posted">posted</span> <span word="its">its</span> <span word="weakest">weakest</span> <span word="profit">profit</span> <span word="growth">growth</span> <span word="in">in</span> <span word="three">three</span> <span word="quarters">quarters</span> <span word="as">as</span> <span word="higher">higher</span> <span word="costs">costs</span> <span word="eroded">eroded</span> <span word="gains">gains</span> <span word="from">from</span> <span word="an">an</span> <span word="increase">increase</span> <span word="in">in</span> <span word="its">its</span> 3<span word="G">G</span> <span word="service">service</span> <span word="users">users</span>.</p><p><span word="China">China</span> <span word="Mobile">Mobile</span>'<span word="s">s</span> <span word="net">net</span> <span word="profit">profit</span> <span word="edged">edged</span> <span word="up">up</span> <span word="just">just</span> 0.3 <span word="percent">percent</span> <span word="to">to</span> 27.9 <span word="billion">billion</span> <span word="yuan">yuan</span> <span word="in">in</span> <span word="the">the</span> <span word="first">first</span> <span word="quarter">quarter</span>.</p><p><span word="Analysts">Analysts</span> <span word="attributed">attributed</span> <span word="China">China</span> <span word="Unicom">Unicom</span>'<span word="s">s</span> <span word="rapid">rapid</span> <span word="growth">growth</span> <span word="to">to</span> <span word="its">its</span> <span word="rising">rising</span> 3<span word="G">G</span> <span word="service">service</span> <span word="business">business</span>.</p><p><span word="The">The</span> <span word="company">company</span> <span word="has">has</span> <span word="relied">relied</span> <span word="on">on</span> <span word="an">an</span> <span word="improved">improved</span> <span word="smartphone">smartphone</span> <span word="portfolio">portfolio</span> <span word="and">and</span> <span word="attractive">attractive</span> <span word="service">service</span> <span word="plans">plans</span> <span word="to">to</span> <span word="draw">draw</span> <span word="subscribers">subscribers</span> <span word="to">to</span> <span word="its">its</span> 3<span word="G">G</span> <span word="network">network</span>.</p><p><span word="China">China</span> <span word="Unicom">Unicom</span> <span word="became">became</span> <span word="the">the</span> <span word="first">first</span> <span word="Chinese">Chinese</span> <span word="telecom">telecom</span> <span word="carrier">carrier</span> <span word="to">to</span> <span word="introduce">introduce</span> <span word="Apple">Apple</span> <span word="Inc">Inc</span>'<span word="s">s</span> <span word="iPhone">iPhone</span> <span word="series">series</span> <span word="on">on</span> <span word="contract">contract</span> <span word="three">three</span> <span word="years">years</span> <span word="ago">ago</span>, <span word="and">and</span> <span word="has">has</span> <span word="now">now</span> <span word="greatly">greatly</span> <span word="expanded">expanded</span> <span word="its">its</span> <span word="smartphone">smartphone</span> <span word="offerings">offerings</span>.</p><p><span word="Its">Its</span> <span word="smartphone">smartphone</span> <span word="prices">prices</span> <span word="start">start</span> <span word="at">at</span> <span word="around">around</span> 1,000 <span word="yuan">yuan</span>, <span word="and">and</span> <span word="it">it</span> <span word="offers">offers</span> <span word="various">various</span> <span word="options">options</span>, <span word="up">up</span> <span word="to">to</span> <span word="high">high</span>-<span word="end">end</span> <span word="flagship">flagship</span> <span word="handsets">handsets</span> <span word="such">such</span> <span word="as">as</span> <span word="Samsung">Samsung</span> <span word="Electronics">Electronics</span>' <span word="Galaxy">Galaxy</span> <span word="S">S</span>4.</p><p>"<span word="We">We</span> <span word="have">have</span> <span word="seen">seen</span> <span word="accelerated">accelerated</span> 3<span word="G">G</span> <span word="business">business</span> <span word="growth">growth</span> <span word="from">from</span> <span word="the">the</span> <span word="beginning">beginning</span> <span word="of">of</span> <span word="this">this</span> <span word="year">year</span>," <span word="said">said</span> <span word="Zhou">Zhou</span> <span word="Youmeng">Youmeng</span>, <span word="China">China</span> <span word="Unicom">Unicom</span>'<span word="s">s</span> <span word="marketing">marketing</span> <span word="general">general</span> <span word="manager">manager</span>.</p>
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