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China Mobile Q3 2009: Will 3G Expansion Crimp Financial Performance for Chinese Mobile Car

10/26/2009 Last week China Mobile Limited (NYSE: CHL), the world's largest mobile carrier, announced its Q3 financial results. Along with its competitors,  China Unicom (Hong Kong) Ltd. ((ADR) NYSE: CHU) and  China Telecom Corporation Limited ((ADR) NYSE: CHA), their latest announcements indicate that the launch of 3G network products and services has dampened short-term financial performance.

The following post summarizes the Q3 2009 — for the 9 months ended September 30 — interim financial results that China Mobile announced on October 20:

Operating revenue reached RMB326.977 billion, up by 8.9% over the same period from the previous year. The company had experienced a 16.6% revenue increase during the same period one year ealrier meaning that revenue growth fell 46% in the past year, EBITDA of RMB167.739 billion, up by 5.5% over the same period from the previous year, Profit attributable to shareholders of RMB83.935 billion, up by 1.8% over the same period from the previous year, Customer base grew to 508.37 million representing a net gain of 51.12 million subscribers. The company had gained 66.776 million customers during the same period one year earlier meaning that customer growth fell by 23% in the past year.