The nation’s three major telecoms reported profit growth last month, led by the nation’s biggest telecom service provider.
Chunghwa Telecom Co (中華電信) yesterday said net profit last month grew 23 percent annually to NT$3.48 billion (US$123.61 million), the highest in about three-and-a-half years and up from NT$2.82 billion a year earlier.
Earnings per share (EPS) rose to NT$0.45 from NT$0.36 a year earlier, it said.
Photo: CNA
That helped boost the company’s net profit in the first nine months of this year to NT$27.15 billion, reaching 83 percent of the lower end of its full-year target profit of NT$32.6 billion to NT$34.09 billion.
EPS for the nine-month period climbed to NT$3.5 from NT$3.25 in the prior year.
Revenue rose 1.7 percent during the period to NT$150.59 billion from NT$148.13 billion.
Chunghwa attributed last month’s growth to an increase in demand for telecom services as new iPhone users helped expand its subscriber base and Internet access demand rose due to the COVID-19 pandemic.
The number of broadband users rose 8.79 percent annually to 3.68 households last month, with the fastest growth coming from high-speed services, it said.
The number of mobile subscribers expanded 4.13 percent year-on-year to 11.74 million, the company said.
Taiwan Mobile Co (台灣大哥大) said net profit last month increased that at an annual rate of 3.28 percent to NT$880 million from NT$852 million.
That brought the company’s net profit in the first nine months to NT$8.51 billion, up 17.7 percent from the same period last year, while EPS reached NT$3.02.
Revenue expanded 19.8 percent to NT$12.22 billion from NT$10.19 billion a year earlier, as new iPhones helped boost the company’s 5G penetration rate, while revenue from mobile services and its e-commerce subsidiary Momo.com Ltd (富邦媒體) also contributed.
Momo.com’s revenue last month gained 31.24 percent annually to NT$6.51 billion.
In the first nine months, revenue jumped 17.7 percent to NT$111.12 billion, beating the company’s expectations, Taiwan Mobile chief financial officer and spokesperson Rosie Yu (俞若奚) said in a statement.
Far EasTone Telecommunications Co’s (遠傳電信) net profit surged 21.47 percent to NT$713 million last month from NT$587 million a year earlier. EPS rose to NT$0.22 from NT$0.18.
Net profit in the first nine months expanded 10.51 percent to NT$7.15 billion, or NT$2.19 a share, achieving 85 percent of the company’s guidance of NT$8.37 billion for this year.
Revenue soared more than 25 percent to NT$7.46 billion last month, thanks to sales of new iPhones and more users upgrading to 5G services, the company said.
Average revenue per user climbed 3.4 percent year-on-year, it said.
In the first nine months, Far EasTone accumulated revenue of NT$61.04 billion, up 7.67 percent from NT$56.69 billion, it said.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
Vanguard International Semiconductor Corp (世界先進) and Episil Technologies Inc (漢磊) yesterday announced plans to jointly build an 8-inch fab to produce silicon carbide (SiC) chips through an equity acquisition deal. SiC chips offer higher efficiency and lower energy loss than pure silicon chips, and they are able to operate at higher temperatures. They have become crucial to the development of electric vehicles, artificial intelligence data centers, green energy storage and industrial devices. Vanguard, a contract chipmaker focused on making power management chips and driver ICs for displays, is to acquire a 13 percent stake in Episil for NT$2.48 billion (US$77.1 million).
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
RSS