By Yifan Wang
China Unicom (Hong Kong) Ltd. said its net profit for the first half of the year rose 10% from a year earlier, thanks to increased revenue and a lower cost-to-sales ratio.
The telecom operator posted a net profit of 7.57 billion yuan ($1.09 billion) for the first six months of the year.
Revenue rose 3.8% from a year earlier to CNY150.40 billion, mainly driven by strong growth from its internet business, which includes data-center operations and cloud-computing services.
Service revenue, the firm's largest source of income, rose 4.0% from a year earlier.
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