chinatelecom-h.com - China Telecom Corporation Limited

The charts above are based on financials excluding upfront connection fees.

Financial (Excluding Upfront Connection Fees)	2009/1H	2010/1H	2011/1H
Operating Revenue	102,554	107,552	120,110
Operating Profit	13,727	13,555	14,393
EBITDA Δ	43,339	45,759	48,501
EBITDA Margin	42.3%	42.5%	40.4%
Net Profit	8,412	8,811	9,710
Financial (Including Upfront Connection Fees)	2009/1H	2010/1H	2011/1H
Operating Revenue	103,146	107,817	120,208
Operating Profit	14,319	13,820	14,491
EBITDA Δ	43,931	46,024	48,599
EBITDA Margin	42.6%	42.7%	40.4%
Net Profit	9,004	9,076	9,808

Δ EBITDA was calculated before CDMA Network Capacity Leasing Fees to enhance comparability.