China Mobile net profit up 8 pct in 2022

China Mobile, one of the country's leading telecommunication operators, reported net profit growth of 8% year on year in 2022. This was reported by The Xinhua News Agency.

The company's net profit was ¥125.46 bln (about $18.26 bln) last year, the company said in a statement.

The operator raked in ¥937.3 bln in operating revenues in 2022, up 10.5% year on year, according to the statement.

Earnings per share stood at ¥5.88.

By the end of last year, the company had 975 mln mobile subscribers, with its 5G subscribers totaling 614 mln.