(Yicai Global) Aug. 15 -- China Unicom's share prices have climbed today after the Chinese telecoms giant announced that its net profit grew in the second quarter.

China Unicom's Hong Kong-listed stocks [HK:0762] soared by 11.1 percent to HD7.80 (USD1) in the afternoon. Its Shanghai-listed shares [SHA:600050] advanced 5.5 percent to CNY5.70 (US 80 cents).

The Beijing-based firm's net profit rose 16.8 percent to CNY3 billion (USD427 million) on effective cost control. 

Editor: Emmi Laine