BRIEF-China Unicom Hong Kong posts 94 pct drop in full-year net profit

March 15 (Reuters) - China Unicom Hong Kong Ltd

* FY mobile billing subscriber average revenue per user

(ARPU) RMB46.4

* FY profit attributable to equity shareholders of company

was RMB0.63 billion, down by 94.1% year-on-year

* 2016, service revenue of company reached RMB240.98

billion, up 2.4% year-on-year

* FY broadband access ARPU RMB49.4

* FY revenue RMB274.197 billion versus RMB277.049 billion

* Going forward, the company will continue to strive to

improve profitability

* Board has resolved not to pay a dividend for the year 2016

* Will promote frequency band and capacity reduction of

2G/3G networks in an orderly manner to improve management, cost

effectiveness

* Company approved payment of a final dividend of RMB0.17

per ordinary share for 2015

Source text for Eikon:

Further company coverage: