Chunghwa Telecom Co (中華電信), the nation’s largest telecommunications operator, yesterday posted NT$25 billion (US$866.07 million) in net profits — beating its financial guidance — for the first half of the year on the back of fast-growing mobile value-added service profits.
That translated into earnings per share (EPS) of NT$3.2 for the first six months, the company’s financial data showed.
The company’s net profits for the first half of the year remained unchanged from a year earlier, but its EPS surged by 24 percent year-on-year on the company’s decision to reduce capital by returning cash this year.
CAPITAL REDUCTION
“The capital reduction by returning cash — which was completed in January — led to a decline in the company’s outstanding shares, further helping to boost the EPS in the first six months,” the company said in a statement.
Revenues from mobile value-added services, which rose 40 percent from a year earlier, continued to be the operator’s main profit driver. That revenue stream accounted for 20.8 percent of the company’s overall revenues from mobile services in the first half of the year, marking the strongest level ever, the statement said.
MONTHLY PROFITS
However, the operator posted NT$4.28 billion in net profits for last month — down 8.4 percent from a year earlier — because of last year’s relatively higher comparison basis after the government cut the corporate tax rate.
The company’s EPS for last month was NT$0.55, up 14.6 percent from the previous year, also because of the capital reduction, the company said.
Chunghwa Telecom’s net profits — for both last month and for the first six months — topped the telecoms sector.
TAIWAN MOBILE
Taiwan Mobile Co (台灣大哥大) posted NT$1.15 billion, or an EPS of NT$0.38, in net profits for last month, bringing its net income for the first six months to NT$6.76 billion, or an EPS of NT$2.26, a company statement showed.
Meanwhile, Far EasTone Telecommunications Co Ltd’s (遠傳電信) net profit stood at NT$746 million, or an EPS of NT$0.23, for last month, while its net income for the first six months totaled NT$4.01 billion, or an EPS of NT$1.23, company data showed.
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