“China Mobile Ltd. (941), the world’s biggest phone company by subscribers, fell the most in more than a year in Hong Kong trading as profit growth cooled to the slowest annual pace in at least 13 years.
Shares closed down 5 percent, the biggest decline since Aug. 9, 2011, at HK$86.65 after the company posted second- quarter profit that missed analysts’ estimates because of rising costs to lure customers. Profit in the three months ended in June fell to 34.40 billion yuan ($5.4 billion) from 34.42 billion yuan a year earlier, according to figures derived by Bloomberg News from half-year numbers reported today.”
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