(Bloomberg) -- China Mobile Ltd.'s profit rose more than analysts estimated during the first half as the world's largest mobile-phone carrier by subscribers kept attracting users for its 4G and broadband services.
Net income rose 4.7 percent to 65.6 billion yuan ($9.6 billion) in the six months ended in June, the company said in a statement Thursday. That compares with the 63.4 billion yuan average estimate of five analysts surveyed by Bloomberg. Operating revenue gained 2.9 percent to 391.8 billion yuan.
Read more: Bloomberg Opinion piece on China Mobile
The number of 4G users climbed more than 4.5 percent from a year ago, while fixed-broadband services also took market-share from peers, according to Bloomberg Intelligence analyst Anthea Lai.
China Mobile shares rose as much as 2.4 percent after the results to HK$71.80, the highest intra-day level in Hong Kong trading since June 13.
--With assistance from Emma Dai.
To contact the reporter on this story: Daniela Wei in Hong Kong at jwei74@bloomberg.net
To contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net;K. Oanh Ha at oha3@bloomberg.net
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