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Hongkong Earnings Analysis: 
China Mobile Sales Up; Datang International Net Surges 115%
Author: Trupti Mehta
123jump.com
Last Update: 10:15 AM ET April 20 2010



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China Mobile Limited first quarter sales rose 7.7% and net profit rose 1% to 25.5 billion yuan. Datang International Power Generational Co. Ltd 2009 sales rose 30% to 47.9 billion yuan and net profit rose 115% to 1.6 billion yuan or 0.14 yuan a share.

 
10:15 PM Hong Kong, China - China Mobile Limited sales rose 7.7% and net profit rose 1%. Datang International Power Generational Co. Ltd sales rose 30% and net profit rose 115%.

China Mobile Limited, the mobile service provider said first quarter sales rose 7.7% to 109.1 billion yuan from 101.3 billion yuan. Net profit for the quarter rose 1% to 25.5 billion yuan compared to net profit of 25.2 billion yuan a year.

China Mobile Limited, in the last one year traded as high as Rmb 92.25 in August 2009 and as low as Rmb 66.00 in April 2009. Based on the yesterday’s closing price of Rmb 80.25 the company has market cap of Rmb 1.61 trillion.

Datang International Power Generational Co. Ltd, the electricity producer said 2009 sales rose 30% to 47.9 billion yuan from 36.9 billion yuan. Net profit for the year rose 115% to 1.6 billion yuan or 0.14 yuan per diluted share compared to net profit of 749.35 million yuan or 0.06 per share a year.

Datang International Power Generational Co. Ltd, in the last one year traded as high as Rmb 12.13 in August 2009 and as low as Rmb 6.95 in April 2009. Based on the yesterday’s closing price of Rmb 7.89 the company has market cap of Rmb 11.78 billion.
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Market data: BATS Exchange. Inc.

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