Sat, Aug 11, 2012 - Page 13 News List

Top telecoms firm’s July profits down, while rivals’ rise

By Lisa Wang  /  Staff reporter

Chunghwa Telecom (中華電信), the nation’s biggest telecoms operator, yesterday said that net profit last month dropped 19.7 percent from a year ago as voice service revenue and handset sales decreased.

Net income slid to NT$3.54 billion, or NT$0.46 per share, from NT$4.41 billion, or NT$0.56 a share, in July last year, Chunghwa said in a statement.

That brought the firm’s net income in the first seven months of the year to NT$22.9 billion, or NT$2.95 per share, down 22.5 percent from NT$50.58 billion a year ago. Chunghwa expects full-year net profit to reach NT$39.18 billion.

Last month’s revenue shrank 3.4 percent year-on-year to NT$15.42 billion, with mobile voice sales falling 8.4 percent year-on-year and handset sales plunging 66.6 percent, while value-added service revenue grew 35.3 percent.

For the January-to-July period, Chunghwa posted NT$109.78 billion in revenue, down 1.54 percent from NT$111.49 billion the previous year. The company forecasts full-year revenue of NT$188.88 billion.

Far EasTone Telecommunications Co (遠傳電信), the nation’s No. 3 telecoms operator, yesterday said net income last month grew 2 percent to NT$1.01 billion, or NT$0.31 a share, compared with a net income of NT$990 million, or NT$0.3 per share, in June. On an annual basis, it was up 20 percent from NT$843 million, or NT$0.26 a share.

Revenue dropped 0.27 percent month-on-month to NT$7.31 billion last month from June’s NT$7.28 billion, but rose 10.98 percent from NT$6.59 billion a year earlier.

Revenue in the first seven months of the year reached NT$50.01 billion, up 17.07 percent year-on-year, Far EasTone said in a statement.

Taiwan Mobile Co (台灣大哥大), the nation’s second-biggest telecoms company, said net income last month rose 1.58 percent to NT$1.29 billion, or NT$0.48 per share, from NT$1.274 billion, or NT$0.47 a share, in June. That compares with NT$1.27 billion, or NT$0.43 per share, a year ago.

Revenue expanded 3.1 percent to NT$8.28 billion last month from NT$8.03 billion in the prior month, rising 20.07 percent from NT$6.9 billion the previous year.

In the first seven months of the year, revenue totaled NT$55.995 billion, up 29.94 percent year-on-year, it said.

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