Chunghwa Telecom Co (中華電信), the nation’s biggest telecom operator, yesterday said revenue contracted 8.5 percent year-on-year last month, as heightened price competition undermined its core mobile services.
Continuing declines in the voice call service sector and fewer IT service contracts from businesses and government agencies were also factors that drove down revenue, the company said in a statement.
Revenue slipped to NT$17.79 billion (US$571.93 million) compared with NT$19.43 billion in September last year, it said.
“Mobile revenue dropped because of persistent market competition,” Chunghwa Telecom said.
On a month-on-month basis, the company witnessed a rebound of 0.06 percent in revenue. It was the third month that revenue had increased after the launch of its NT$499 unlimited Internet access package in May, which reduced revenue to NT$16.85 billion in June.
Two million subscribers switched to the cheaper packages that were offered by the nation’s major telecom companies in May.
Net profit tumbled 10.5 percent year-on-year to NT$2.98 billion, Chunghwa Telecom said.
That translated into earnings per share of NT$0.38, down from NT$0.43 a year ago.
In the first nine months of this year, Chunghwa Telecom accumulated NT$27.09 billion in net profit, making up about 73 percent of its guidance of NT$37.25 billion for this year.
Revenue stood at NT$160 billion from January to last month, down 3.98 percent from NT$166.63 billion for the same period last year. The figure made up about 69 percent of the company’s revenue forecast of NT$231.47 billion for this year.
Taiwan Mobile Co (台灣大哥大), the nation’s second-largest telecom, yesterday said revenue declined 1.63 percent to NT$9.63 billion from the NT$9.79 billion recorded a year earlier, but climbed 2 percent from NT$9.47 billion in August.
“The company benefited from the launch of the iPhone XS.
Handset sales helped boost revenue by 2 percent from the previous month,” Taiwan Mobile chief financial officer Rosie Yu (俞若奚) said in a statement.
The company said it saw an increase in subscribers to its high-priced service plans.
Net profit dipped 10.74 percent annually to NT$10.55 billion from NT$1.21 billion. That brought total net profit during the January-to-September period to NT$10.55 billion, 78 percent of the company’s target for this year.
Yesterday, Far EasTone Telecommunications Co (遠傳電信) said revenue rose 6.17 percent to NT$7.23 billion, compared with NT$6.81 billion in August.
In the first nine months, revenue dropped 10.3 percent to NT$64.35 billion from NT$8.06 billion a year earlier.
Net profit fell 7.9 percent to NT$815 million from NT$885 million a month earlier. That translated into earnings per share of NT$0.25, down from NT$0.27 in August.
From January to last month, total profits were NT$7.75 billion, or NT$2.38 per share.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
RSS