By Ronnie Harui

China Tower Corp. said Monday that its net profit for the first nine months of the year climbed 18% on revenue growth in its three main businesses.

Net profit rose to 4.56 billion yuan ($680.8 million) for the January-September period, said the company, which builds 5G base stations. Operating revenue rose 5.6% from a year earlier to CNY60.22 billion, it said.

China Tower said it will continue initiatives such as resource sharing, as well as its focus on effectiveness and efficiency.

Write to Ronnie Harui at ronnie.harui@wsj.com

(END) Dow Jones Newswires

10-19-20 0533ET