China Netcom Posts Surprise Profit Gain on Internet
China Netcom Group Corp., the nation’s second-largest fixed-line telephone company, posted an unexpected increase in full-year profit after signing up more Internet customers.
Net income last year rose to 10.58 billion yuan ($1.5 billion), from 10.55 billion yuan, in 2006, the Hong Kong-listed company said today. Sales gained to 82.5 billion yuan from a restated 81.8 [...]