Narrow Moat-Rated China Mobile Reports Solid Full-Year Result but no Special Dividend
China Mobile’s 2016 was solid with service revenue up 6.7%, EBITDA up 6.9%, and net profit up 0.2% as reported, or up 10.5% excluding last year’s abnormal gain from tower sale. Importantly for investors, China Mobile also lifted its dividend payout ratio to 46% from 43% in 2015 and committed to 46% in 2017. No special dividend was announced, disappointing some investors after the special dividend announced by state-owned entity, China Shenhua Energy, recently. With net cash including marketable ...China Mobile and its subsidiaries are engaged in the provision of mobile telecommunications and related services principally using the Global System for Mobile Communications standard and the Time Division Synchronous Code Division Multiple Access standard. In addition, Co. provides its customers with internet access through wireless local area networks. Co. also develops and carries its 4G business based on the TDD mode long-term evolution technology. As of Dec 31 2013, Co. had approx. 767,200,000 customers in all 31 provinces, autonomous regions and directly-administered municipalities in the People's Republic of China as well as in Hong Kong.
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