China Telecom sees profits surge in 2021

BEIJING -- China Telecom Co Ltd (China Telecom), one of China's three largest telecom operators, reported a profit surge in 2021.

Net profits of the company jumped 24.5 percent year-on-year to 25.95 billion yuan (about $4.09 billion) last year, the company said in an announcement filed with the Hong Kong Stock Exchange.

The operating revenue of China Telecom amounted to 439.6 billion yuan during the period, up by 11.7 percent from a year ago, the data showed.

The company said by the end of last year, it had 372 million mobile subscribers.