Chinese carriers’ collective net profit drops 23% in 1H

Chinese carriers reported a collective net income of CNY4 billion ($647 million) in the first half, down 23% compared to CNY5.2 billion year-over-year. Revenue increased 0.8% to CNY183.5 billion while operating expenses climbed 5.3% to CNY154.2 billion. Local analysts said the profit decline is due...

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