Chunghwa Telecom’s quarterly revenue rises 16.7 per cent
Chunghwa Telecom reported third-quarter revenue of 67.59 billion Taiwan dollars, up 16.7 per cent from a year earlier. Operating and net profit also increased. A one-off asset gain contributed to the unaudited results, alongside growth in mobile, broadband and enterprise businesses. Higher enterprise revenue was accompanied by a decline in that division’s pre-tax profit.
Economics & Markets··Evening
Revenue and net profit rise in the third quarter
Taiwanese telecommunications operator Chunghwa Telecom reported third-quarter revenue of 67.59 billion Taiwan dollars, up 16.7 per cent from a year earlier.[1], [2]
The unaudited consolidated results put operating income at 15.38 billion Taiwan dollars, up 27.1 per cent, and net income at 12.22 billion, up 29.5 per cent. The company said a one-off asset revitalisation gain contributed to the results. Operating costs increased 14 per cent to 52.21 billion Taiwan dollars, alongside the growth in revenue.[1]
Mobile and broadband businesses add subscribers
The mobile subscriber base grew 2.5 per cent to 13.51 million. Mobile service revenue increased 2.9 per cent to 17.80 billion Taiwan dollars, while monthly average revenue per user rose 2 per cent to 573 Taiwan dollars. Broadband subscribers increased 0.7 per cent to 4.48 million and broadband revenue rose 3 per cent to 12.04 billion Taiwan dollars. These figures compare with the same period a year earlier.[1]
Enterprise revenue grows as division profit falls
Enterprise revenue grew 8.2 per cent to 20.46 billion Taiwan dollars, but its pre-tax profit declined 3.1 per cent, with the company citing higher personnel expenses. Information and communication technology revenue grew 19 per cent. Nine-month operating cash flow increased 9.6 per cent to 49.84 billion Taiwan dollars, and period-end cash and cash equivalents reached 32.52 billion.[1]
