Chinese mobile and broadband service provider China Telecom saw a 10.2% drop in profits last year, following 2015 numbers boosted from a disposal of assets. MarketWatch reports that discounting the one-off sale in 2015, core profit rose 11.7% last year, slightly lower than analyst expectations.
China Telecom profits down last year, after one-off in 2015
Minus the previous year’s disposal of assets profits were up 11.7%
