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China Unicom Hong Kong 2018 profit jumps more than five-fold

HONG KONG, March 13 (Reuters) - Chinese telecom operator China Unicom Hong Kong on Wednesday reported a more than five-fold jump in 2018 net profit, beating estimates, which it attributed to a mixed-ownership reform.

Net profit for the full year was 10.2 billion yuan ($1.52 billion), the company said in a statement, while 15 analysts polled by Refinitiv had an average forecast of 8.5 billion yuan.

That implies a net profit of 1.42 billion yuan for the December quarter, versus a net loss of 2.23 billion yuan in the same quarter a year ago.

Total revenue for the full year rose 5.8 percent to 291 billion yuan, against the average estimate of 287 billion yuan by 21 analysts on Refinitiv.

It announced a final dividend per share of 0.134 yuan, up from 0.052 yuan a year ago. ($1 = 6.7096 Chinese yuan) (Reporting by Sijia Jiang; Editing by Himani Sarkar)