China Unicom Full-Year Profit Surges 16%

reported a 16% gain in its 2014 net profit. China Unicom's 2014 net profit surged to 12.06 billion yuan ($1.92 billion), versus a year-ago profit of 10.41 billion yuan. Its revenue declined 3.5% to 284.68 billion yuan. China Unicom shares fell 2.72% to close at $16.45 yesterday.