China Telecom profit, revenue down in Jan-Sept.

 
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BEIJING -- China Telecom, a leading mobile operator in China, reported drops in its profit and operating revenue in the first three quarters of this year despite an increase in service subscribers, the company's financial report said Monday.

Profits attributable to equity holders reached 18.39 billion yuan (about 2.6. billion U.S. dollars) during the January-September period, down 3.4 percent year on year, said the report.

Operating revenue was 282.83 billion yuan, slipping 0.8 percent over the same period last year, of which revenue from services stood at 271.48 billion yuan, an increase of 2.5 percent year on year.

The company's mobile subscribers totaled 330 million by the end...

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