China Telecom Ltd., one of the country’s three main state-owned phone carriers, said Tuesday its 2011 profit rose 10.5 percent as growing use of mobile phones offset a decline for its traditional fixed-line business.
China Telecom Ltd. said its 2011 profit was 16,404 billion yuan ($2.6 billion) or 0.20 yuan (3 U.S. cents) per share. Revenue rose 11.7 percent to 244.9 billion yuan ($39.5 billion).
From: http://ping.fm/RTbF1
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