China Mobile Q1 Profit Declines - Quick Facts

(RTTNews) - China Mobile Limited (CHLKF.OB, CHL) Tuesday said first-quarter profit attributable to equity shareholders fell to 25.2 billion yuan from 27.9 billion yuan in the previous year.

Operating revenue grew to 154.828 billion yuan from 143.631 billion yuan.

According to the company, during the period, it experienced severe challenges in its operations and development as the impact of mobile Internet on the traditional communications business became more evident.

Additionally, the traditional communications market became more saturated and horizontal competition among operators in the industry became increasingly fierce.