China Unicom today released the first quarter 2016 earnings warning, expected net profit of about yuan during the period, up sharply decreased by about 85%.
Unicom said that this is mainly due to the period cost of sales is expected to grow by about 16 percent year-on-year, the tower cost increases, energy and property rental cost input to increase the lead to network, operations and support costs increased by about 37%.
Even so, than last year's fourth quarter net loss of $.
China Unicom said that in the first quarter, mobile business reverse management predicament efforts has achieved initial success, the net increase of mobile user about 661 million, reversing last for more than a month continued to decline.
Meanwhile, the first quarter of China Unicom's mobile service revenue is expected to be around 36 billion 200 million yuan, although down 1%, but growth of 9%.
Unicom will be announced in 2016 April 21st first quarter earnings.