Chunghwa 2Q results

29 Aug 2008

Chunghwa Telecom, Taiwan’s largest phone operator, reported total consolidated revenue decreased by 0.6% year-on-year to TWD50 billion (USD1.59 billion) in the second quarter to 30 June 2008. Internet and data revenue grew by 0.8%, while ADSL and fibre-to-the-building (FTTB) revenue decreased by 0.7%. Wireless revenue was down 2.7%, while mobile value-added-services (VAS) revenue increased 28.3%. Net income stood at TWD12.5 billion, an increase of 0.1% on twelve months previously.

In comparison, for the first half of 2008 total consolidated revenue increased by 5.4% to TWD100.9 billion, with 28.5% coming from fixed line operations, 35.9% from wireless services, 24.6% from internet and data services, and the remaining 11.0% from other areas, including handset sales. In the first six months of the year internet and data revenue grew by 1.8%; ADSL & FTTB revenue increased by 0.8%; mobile revenue decreased by 1.2%; wireless VAS revenue increased by 31.7%, compared to the same period year previously. Net income totalled TWD23.2 billion, a decrease of 5.6%.

Looking forward, company Chairman, Lu Shyue-ching, said Chunghwa will focus on growing its core businesses as the telecom industry moves toward digital convergence and continue to make better use of idle assets and invest abroad.

Taiwan, Chunghwa Telecom