Trade Resources Industry Trends Taiwan Mobile Corp.Led Its Domestic Telecom Industry Peers in Earnings

Taiwan Mobile Corp.Led Its Domestic Telecom Industry 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.

Source: http://www.cens.com/cens/html/en/news/news_inner_41468.html
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Taiwan Mobile Tops Taiwan's Telecom Peers in Earnings