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.