China Mobile profit surges
![China Mobile profit surges](../../attachement/jpg/site1/20070817/000802ab8045082f212b05.jpg)
China Mobile Ltd's profit surged 29 percent in the second quarter as the company added a record number of users, driven by gains in rural areas, where lower-income residents were attracted by reduced charges.
Net income of the world's largest mobile phone operator by subscribers rose to 20.3 billion yuan from 15.8 billion yuan a year earlier, according to calculations based on the first-half earnings reported by the Beijing-based company yesterday.
The company's shares fell 4.9 percent to HK$80.85, or 3.92 percent, in Hong Kong.
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