Taiwanese mobile network operator Far EasTone has released its financial results for the three-month period ended 31 December 2011, revealing a 9% year-on-year increase in net profit on the back of continued revenue growth. In the operator’s final quarter of the 2011 fiscal year it posted net profit of TWD2.428 million (USD81,984), up from TWD2.232 million in the corresponding period of 2010, although down marginally from the TWD2.443 million in the previous quarter. Consolidated turnover for 4Q11, meanwhile, increased to TWD20.012 million, a 14.5% y-o-y increase, while service revenues in the quarter rose by 7% to TWD16.698 million; mobile service revenue accounted for the lion’s share of the latter, totalling TWD14.609 million, up from TWD13.835 million. Consolidated earnings before interest, depreciation and amortisation (EBITDA) for the three-month period were TWD5.893 million.
Looking ahead, the operator has forecast that in 2012 consolidated turnover will increase by around 7% compared to FY2011, with service revenues are expected to rise by 6%. Far EasTone’s EBITDA in FY2012 is meanwhile forecast at TWD24.358 million, which would represent an 8% y-o-y increase, with net income expected to climb by around 13% to reach TWD10.050 million.
In operational terms, Far EasTone registered its 20th consecutive month of customer growth in December 2011, with its total subscriber base at that date rising to 6.618 million. Of that total, it noted that almost two-thirds were signed up to its post-paid 3G services (4.353 million), while 793,000 were active 2G post-paid subscribers; the remainder (1.473 million) were pre-paid accesses. Far EasTone also highlighted positive trends in both minutes of use (MOU) and average revenue per user (ARPU) for its post-paid customers, with post-paid MOU standing at 3.956 billion minutes in 4Q11, up from 3.715 billion minutes in the year-ago quarter. Post-paid ARPU, meanwhile, was TWD854 in the last three months of 2011, up from TWD832 in 4Q10.