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China Mobile reports first quarter results; 37% rise in profits

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The world's largest mobile phone operator by the number of subscribers, China Mobile, reported first quarter results. As expected, they rock, again. Highlights: Profits reached 24.1 billion yuan (US$3.4 billion), a 37% rise over the year-earlier. Net income jumped from 17.6 billion yuan the previous year to beat average analyst estimates of around 23.6 billion yuan. Sales rose 20% [...]

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