Printer Friendly

Taiwan Mobile tops Taiwan's telecom peers in earnings.

Taipei, Sept. 19, 2012 (CENS) -- Taiwan Mobile Corp. led its domestic telecom industry peers in earnings in August, with NT$0.51 per diluted share in after-tax net income.

In the meantime, Chunghwa Telecom Co., Ltd. had NT$0.46 per share while Far EasTone Telecom Co., Ltd. made NT$0.31.

Taiwan Mobile remains the top profit maker in terms of Jan.-Aug. earnings among the three providers with after-tax net income of NT$3.69 per share, compared with Chunghwa's NT$3.59 and Far EasTone's NT$2.19.

In August, Taiwan Mobile netted NT$1.38 billion (US$46 million at US$1: NT$30) in consolidated revenue of NT$8.31 billion (US$277 million). In the Jan.-Aug. period, the company raked in cumulative after-tax net income of NT$9.91 billion (US$330 million) on consolidated revenue of NT$64.31 billion (US$2.1 billion).

Taiwan Mobile's spokesperson and chief finance officer, Rosie Yu, pointed out the company's revenue for August grew 4% year on year thanks to sales increase of its mobile Internet connection business. She said the Jan.-Aug. after-tax net income result met the company's target of accomplishing 69% of its projected goal for this year.

Chunghwa scored non-consolidated revenue of NT$16.02 billion (US$534 million) in August, decreasing 7.5% year on year. After-tax net income was NT$3.53 billion (US$117 million), down 4.4% year on year. The company's revenue from mobile communications service rose 0.6% in August year on year thanks to a 32.5% revenue surge of its value-added mobile service.

Throughout the Jan.-Aug. period the company had total revenue of NT$125.8 billion (US$4.19 billion), attaining 66.6% of its projected goal for this year. After-tax net income was NT$27.83 billion (US$927.66 million), constituting 71.1% of its annual goal.

Far EasTone raked in after-tax net income of NT$1.02 billion (US$34.06 million) on consolidated revenue of NT$7.35 billion (US$245.3 million). Total consolidated revenue and after-tax net income for the Jan.-Aug. period were NT$57.3 billion (US$1.91 billion) and NT$7.15 billion (US$238.3 million), respectively.

Far EasTone spokesman, Alison Kao, pointed out that the company's revenue from non-voice services continued growing thanks to increased prevalence of value-added mobile applications.
Stock Company EPS for Jan.- 2012 Target Target attainment
code Aug. Period ratio

2412 Chunghwa NT$3.59 NT$5.05 71.1%
3045 Taiwan Mobile NT$3.69 NT$5.34 69%
4904 Far EasTone NT$2.19 NT$3.08 71.1%

Sources: the companies
COPYRIGHT 2012 China Economic News Services
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Author:Liu, Ken
Publication:The Taiwan Economic News
Date:Sep 19, 2012
Words:448
Previous Article:Japanese investments in Taiwan on the rise.
Next Article:Crystal devices maker TXC launches expansion to cope with excessive orders.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters