Taiwan Mobile Co (
Net income this quarter is expected to rise to NT$3.83 billion (US$119 million) this quarter, compared to NT$3.81 billion in the same period of last year, according to the company's statement.
Earnings per share, however, will grow faster to NT$1.31 a share, from NT$0.77 a share, in the wake of a 24 percent reduction in capital and outstanding shares.
Revenues would rise around 19 percent year-on-year to NT$17.21 billion after merging its cable TV and fixed subsidiaries.
In addition, Taiwan Mobile yesterday also said it would allocate a payout of NT$7.6 billion, or NT$2 per share, in cash dividends to shareholders.
This was based on last year's net income of NT$6.61 billion in net profits.
Capital spending this year will increase slightly to NT$8 billion including its upgrading of 3G mobile networks and fiber deployment for fixed service, compared to NT$7.06 billion last year, the company said.
Taiwan Mobile shares were unchanged at NT$46 yesterday.
The telecom company holds 30 percent of the nation's mobile market.
Anand Ramachandran, an analyst at Citigroup Global Markets, issued a "buy" rating on Taiwan Mobile, citing good dividend payout.
He gave a target of NT$51 in a notice to clients yesterday.
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