Revenue down but net income up for Chunghwa Telecom

11 Jan 2010

Dow Jones reports that Chunghwa Telecom’s unaudited net income for 2009 stood at TWD47.3 billion (USD1.5 billion), up 5.1% year-on-year. The improvement came despite a 1.5% decline in revenue to TWD184 billion. Chunghwa has yet to comment on the results. According to TeleGeography’s GlobalComms Database, the company is Taiwan’s largest telco, boasting 97% of the country’s fixed lines in service and claiming more than 70% of both the wireless and broadband subscriber markets. Full audited results for 2009 are due in March.

Taiwan, Chunghwa Telecom