The nation’s major telecoms on Tuesday posted robust revenue for last year, as growth in mobile 5G subscriptions helped boost average revenue per user (ARPU).
Chunghwa Telecom Co (中華電信) reported that revenue expand 3 percent annually to NT$216.74 billion (US$7.12 billion) last year, surpassing the company’s high-end projection of NT$214 billion.
Net profit rose 2.1 percent to NT$36.52 billion last year, beating its estimate of NT$36.04 billion and reaching its highest level in about four years, it said.
Photo: AFP
Earnings per share (EPS) rose to NT$4.71 last year from NT$2.1 in 2021.
“Rises in ARPU for the mobile and fixed-line businesses helped boost the company’s net profits,” Chunghwa Telecom chairman Sheih Chi-mau (謝繼茂) said in a statement. “Additionally, 5G-based information-and-communications projects also helped.”
Last month, mobile ARPU rose 5 percent annually, the 21st month of increases, which Chunghwa Telecom attributed to a rise in 5G subscribers. The company did not disclose its number of 5G subscribers.
Taiwan Mobile Co (台灣大哥大) said that revenue last year expanded 10 percent year-on-year to an all-time high of NT$172.21 billion.
The firm’s e-commerce subsidiary Memo.com Inc (富邦媒體), one of its major growth engines, saw revenue soar 17 percent to more than NT$103.44 billion last year.
Net profit rose 0.36 percent to NT$11.03 billion from 2021. EPS edged higher to NT$3.91 from NT$3.9 a year earlier, it said.
“The upgrade to 5G services and exclusive mobile packages helped boost the company’s mobile ARPU 1.8 percent annually to NT$662 million in December, for 19 months of increases,” Taiwan Mobile chief financial officer George Chang (張家麒) said in a statement.
As a result, mobile service revenue expanded 3.3 percent annually last month to NT$394.4 billion, hitting the highest level in three years, Chang said.
Far EasTone Telecommunications Co (遠傳電信) said that revenue last year increased 4.5 percent from a year earlier to NT$89.15 billion, after mobile service revenue climbed 2.9 percent to NT$49.82 billion in the year and growth in 5G mobile users drove up its ARPU 3.6 percent from a year earlier.
Net profit rose 5.3 percent to NT$9.61 billion from NT$9.12 billion in 2021, with EPS expanding from NT$2.8 to NT$2.95, the firm said.
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