China Netcom (NYSE: CN; 906.HK) announced full year 2007 results on Tuesday. The company recorded RMB84.01 billion in revenue, down from RMB84.19 billion in 2006. China Netcom generated profit of RMB12.095 billion, including RMB624 million from discontinued operations, for the twelve month period, compared to RMB12.97 billion in 2006.
The company lost 450,200 fixed-line phone subscribers last month to record a total of 109.605 million subscribers by the end of February. China Netcom added 510,800 broadband subscribers to reach 21.041 million broadband users in the one month period.