China Unicom Doubles Profit To RMB 4.4B In H1

China Unicom booked total revenue of RMB 35.14 billion, up 4% year-on-year, with GSM revenue of RMB 32.50 billion for the first half of 2008. Total profit was RMB 4.42 billion, compared to RMB 2.1 billion in the year-ago period. Aside from increasing GSM investments, Unicom will focus on mobile business development, with particular emphasis on GPRS value-added services, during the second half of this year, according to company chairman and CEO Chang Xiaobing.

Unicom had 127.60 million GSM business subscribers and 43.17 million CDMA subscribers by the end of the period and 128.551 million GSM users and 43.169 million CDMA users by the end of July.

Lisa