China Mobile Third Quarter 2024 Earnings: EPS: CN¥1.43 (vs CN¥1.38 in 3Q 2023)

China Mobile (HKG:941) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥244.7b (flat on 3Q 2023).
• Net income: CN¥30.7b (up 4.6% from 3Q 2023).
• Profit margin: 13% (in line with 3Q 2023).
• EPS: CN¥1.43 (up from CN¥1.38 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Mobile Earnings Insights

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 1.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of China Mobile's balance sheet and an in-depth analysis of the company's financial position.

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