Taipei, July 14, 2008 (CENS)-In the first half this year, Taiwan Mobile Corp. netted NT$2.76 per share after tax, topping its domestic peers in telecom industry.
Far EasTone Telecom Co., Ltd. had NT$1.4 per share while Chunghwa Telecom Co., Ltd. made NT$2.4.
As a result of capital reduction last year, Taiwan Mobile made the lucrative earnings. Contrast to Taiwan Mobile, Chunghwa`s loss in foreign exchange trades held down earnings to NT$2.4, compared with NT$2.54 it made the same period of last year.
Regardless of cut rates, the Taiwan`s top three telecom-service providers still made better sales in the first half this year than they did in the same period of last year as a result of all-out marketing efforts. Taiwan Mobile saw its sales for last half soar 11.52% year on year while Chunghwa and Far EasTone gained 1.1% and 0.45% in the meantime, respectively.
Taiwan Mobile had after-tax earnings of NT$8.1 billion (US$272 million at US$1:NT$30), or NT$2.76 per share, in the first half this yearon consolidated revenue of NT$34.7 billion (US$1.1 billion). The earnings result represented an increase of 2% from the same period of last year,
Last quarter alone, the company had consolidated revenue of NT$17.5 billion (US$583 million), operating income of NT$5.6 billion (US$189 million) and after-tax net income of NT$3.9 billion (US$132 million), or NT$1.32 per share.
Taiwan Mobile`s executives ascribed the company`s lucrative earnings for last quarter mostly to increased international connections of its mobile-service customers and added subscriptions to its cable TV service.
Chunghwa had after-tax earnings of NT$23.3 billion (US$777 million) last quarter alone, constituting 53.7% of its goal. Its unrealized loss in foreign exchange options accumulated to NT$3.2 billion (US$109 million) until last month. Until the end of last month, the company had cumulative 4.3 million subscribers to its broadband services including ADSL and fiber-to-the-building network, with 1.38 million subscribers connected to the Internet via lines pumping data at eight megabits per second.
Far EasTone had pre-tax earnings of NT$6.8 billion (US$228 million), or NT$1.6 per share, throughout the first half this year mostly thanks to 36.7% more 3G subscribers than it had the same period of last year. Its consolidated revenue for last half was NT$31.7 billion (US$1 billion).
The company`s pre-tax earnings for last quarter constituted 102.6% of its goal. Last month alone, the company had pre-tax earnings of NT$1.1 billion (US$38 million) on consolidated revenue of NT$5.2 billion (US$175 million).
Taiwan`s Top Three Telcos and Their 1st Half 08 Performances
Company | Taiwan Mobile | Chunghwa | Far EasTone |
Revenue | NT$34.7B | NT$93.3B | NT$31.7B |
Annual Growth Rate | 11.52% | 1.1% | 0.45% |
Earnings | NT$8.1B (after tax) | NT$23.3B (after tax) | NT$6.8B (pre tax) |
Annual Growth Rate | 1.99% | -5.2% | -8.76% |
EPS | NT$2.76 | NT$2.4 | NT$1.6 |
Sources: The companies
(by Ken Liu)
