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CHINA TELECOM CHAIRMAN WANG XIAOCHU AT PRESSER IN HONG KONG, 2000-04-13 (photo)

IMAGE number
REU7829492
Image title
CHINA TELECOM CHAIRMAN WANG XIAOCHU AT PRESSER IN HONG KONG, 2000-04-13 (photo)
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Medium
photograph
Date
2000 AD (C20th AD)
Shooting Date
2000-04-13
Image description

China Telecom (Hong Kong) Ltd chairman and chief executive officer Wang Xiaochu (R) and vice-chairman Li Ping leave a news conference after the company announced the 1999 annual results in Hong Kong April 13. Hong Kong stock market heavyweight China Telecom (Hong Kong) Ltd on Thursday reported a surprise 30 percent drop in 1999 net profit due to a bigger-than-expected 8.24 billion yuan writeoff on older network equipment. The China-backed company said it earned a net profit of 4.8 billion yuan in the year ended December 31 1999 versus a 6.9 billion yuan profit in 1998. BY/DL

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REUTERS / Bridgeman Images
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