China Netcom sees profit down 5.4% in first half

时间：2007-08-27 06:30:25

（单词翻译:单击）

BEIJING, Aug. 26 -- China Netcom, the country's second largest fixed-line operator, saw its net profit fall 5.4 percent in the first half of 2007 under continued pressure from mobile communication operators, the company said in a statement.

 

The Hong Kong- and New York-listed company reported a net profit of 6.7 billion yuan (881.6 million U.S. dollars) in the first six months of 2007, down from 7.1 billion yuan (934.2 million U.S. dollars) for the same period in 2006.

 

The company registered 40.7 billion yuan (5.4 billion U.S. dollars) in revenue in the six-month period, representing a slim 0.43 percent increase on last year's same period.

 

Chairman Zhang Chunjiang said the slow revenue growth of fixed-line operators was a result of increasing mobile substitution.

 

Although the fixed-line subscribers went up by 1.1 million from the end of last year to 115 million at the end of June, revenue generated from fixed-line telecommunication1 services continued to decline in the first half.

 

The company has been active in exploring the mobile services market to cope with the situation. Its interim2 report showed its broadband subscribers grew by 32 percent year-on-year to more than17 million in the first half.

 

Zhang was optimistic about the company's performance, saying the company "achieved remarkable3 results in its transformation4 towards a broadband communications and multimedia5 services provider".

 

The company's revenue from broadband and Internet-related services rose 33.8 percent to 6.6 billion yuan (868.4 million U.S. dollars), with its average revenue per user of broadband services at 67.4 yuan (8.9 U.S. dollars), up 3.4 percent from the same period last year.

 

The country's dominant6 mobile communication operator -- China Mobile said earlier its first-half profit rose 25.7 percent to 37.9 billion yuan (4.99 billion U.S. dollars).

 
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1 telecommunication 5gMzg5     
n.电信，远距离通信
参考例句：
  • Telecommunication is an industry of service.电信业是一个服务型的行业。
  • I only care about the telecommunication quality and the charge.我只关心通信质量和资费两个方面。
2 interim z5wxB     
adj.暂时的，临时的；n.间歇，过渡期间
参考例句：
  • The government is taking interim measures to help those in immediate need.政府正在采取临时措施帮助那些有立即需要的人。
  • It may turn out to be an interim technology.这可能只是个过渡技术。
3 remarkable 8Vbx6     
adj.显著的，异常的，非凡的，值得注意的
参考例句：
  • She has made remarkable headway in her writing skills.她在写作技巧方面有了长足进步。
  • These cars are remarkable for the quietness of their engines.这些汽车因发动机没有噪音而不同凡响。
4 transformation SnFwO     
n.变化；改造；转变
参考例句：
  • Going to college brought about a dramatic transformation in her outlook.上大学使她的观念发生了巨大的变化。
  • He was struggling to make the transformation from single man to responsible husband.他正在努力使自己由单身汉变为可靠的丈夫。
5 multimedia BnSzdj     
adj.多种手段的，多媒体的；n.多媒体
参考例句：
  • Multimedia is the combination of computer and video technology.多媒体是计算机和视频技术的结合。
  • Adam raised the issue of multimedia applications and much useful discussion ensued.亚当提出了多媒体应用的问题，从而引发了许多有益的讨论。
6 dominant usAxG     
adj.支配的，统治的；占优势的；显性的；n.主因，要素，主要的人(或物)；显性基因
参考例句：
  • The British were formerly dominant in India.英国人从前统治印度。
  • She was a dominant figure in the French film industry.她在法国电影界是个举足轻重的人物。

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