China Mobile Aims to Boost Dividends After Profit Beats Estimate

(Bloomberg) —China Mobile Ltd. said it plans to increase its cash payout ratio for investors after posting higher-than-expected profit as rising demand for business and home-network services offset sluggish mobile user additions.

Net income at the world’s largest mobile operator for 2021 rose 7.7% to 116.15 billion yuan ($18.2 billion), the company said on Wednesday, beating the 107.84 billion yuan estimate from a Bloomberg survey of brokerages. Operating revenue rose 10% to 848.26 billion yuan for the year, it said.