Chunghwa Telecom November profitNT$20.23 billion Consolidated profit, operating income and EBITDA all hit five- time highs for November

Chunghwa Telecom blazoned its unaudited consolidated operating results for November 2023. In November, the unaudited consolidated profit increased by4.8 time over time toNT$20.23 billion, hitting a record high for this time. Operating income increased by2.1 time over time toNT$3.71 billion and income before duty increased by0.9 toNT$3.66 billion. Net income attributable to stockholders of the parent company increased by2.3 time over time toNT$2.86 billion and EBITDA grew by1.4 toNT$7.01 billion. EPS wasNT$0.36. Chunghwa Telecom delivered outstanding fiscal performance as consolidated profit, operating income and EBITDA all hit five- time highs for November. Its Consumer Business Group delivered upward growth trend thanks to the growing core and deals business, Enterprise Business Group continued to develop steadily, and International Business Group maintained its outstanding performance of double- number YoY profit growth.

In November, mobile business delivered remarkable performance as mobile service profit grew by6.6 time over time, hitting a record high in the recent four and a half times and reaching a 32- month successive growth, substantially driven by the adding subscriber number of 5G and postpaid SIMs propelled by the excellent quality of mobile network. In addition, the uninterrupted growth of mobile data profit driven by transnational roving business also contributed to the overall mobile profit growth. Mobilepost-paid ARPU( Average Revenue Per stoner) increased by5.1 time over time with a 32- month successive growth, while mobilepost-paid churn rate remained the smallest among the peers at0.43.

Fixed broadband business continued to grow steadily owing to the well- entered high- speed creation package. Broadband access profit grew by3.2 time over time and data communication profit grew by2.5 time over time. In particular, Home Wi- Fi service profit delivered a strong YoY growth about 45. In addition, the well- entered iPhone 15 series drove overall deals profit to increase time over time, contributing to the overall profit growth.

ICT business demonstrated a significant performance in November as well. Cybersecurity profit doubled time over time. ICT design profit exceeded 60 YoY growth substantially due to the profit recognition of large transnational systems. AIoT profit also delivered a double- number growth owing to the recognition of smart home and smart security systems.

As of November 2023, the accumulated unaudited consolidated profit wasNT$201.01 billion, with an achievement rate of100.4 to101.1. Operating income wasNT$43.47 billion, with an achievement rate of103.5 to106.7. Income before duty wasNT$44.07 billion, with an achievement rate of103.8 to107.6. Net income attributable to stockholders of the parent wasNT$34.63 billion, with an achievement rate of105.0 to109.6 and EPS wasNT$4.46, with an achievement rate of105.0 to109.6. The forenamed fiscal pointers all exceeded guidance significantly.

This press release contains forward- looking statements. These statements constitute “ forward- looking ” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in theU.S. Private Securities Litigation Reform Act of 1995. These forward- looking statements can be linked by language similar as “ will, ” “ expects, ” “ anticipates, ” “ future, ” “ intends, ” “ plans, ” “ believes, ” “ estimates ” and analogous statements. Statements that aren’t literal data, including statements about Chunghwa’s beliefs and prospects, are forward- looking statements. Forward- looking statements involve essential pitfalls and misgivings that could beget factual results to differ materially from the forward- looking statements. A number of important factors could beget factual results to differ materially from those contained in any forward- looking statement. Investors are advised that factual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the pitfalls outlined in Chunghwa’s forms with theU.S. Securities and Exchange Commission on Forms F- 1, F- 3, 6- K and 20- F, in each case as amended. The forward- looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to modernize these forward- looking statements for events or circumstances that do posterior to similar date, except as needed under applicable law.

This press release isn’t an offer of securities for trade in the United States. Securities may not be offered or vended in the United States absent enrollment or an impunity from enrollment . Any public immolation of securities to be made in the United States will be made by means of a prospectus that may be attained from the issuer or dealing security holder and that will contain detailed information about the company and operation, as well as fiscal statements.


To condense the Company’s consolidated fiscal statements presented in agreement with International Financial Reporting norms pursuant to the conditions of the Financial Supervisory Commission, or T- IFRSs, Chunghwa Telecom also provides EBITDA, which is a”non-GAAP fiscal measure ”. EBITDA is defined as consolidated net income( loss) banning( i) deprecation and amortization,( ii) total net comprehensive backing cost( which is comprised of net interest expenditure, exchange gain or loss, financial position gain or loss and other backing costs and secondary deals),( iii) other income, net,( iv) income duty,( v)( income) loss from discontinued operations.
In managing the Company’s business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of( i) deprecation and amortization, which represents anon-cash charge to earnings,( ii) certain backing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and affectation rates, which have little or no bearing on our operating performance,( iii) income duty( iv) other charges or income not related to the operation of the business.

Source Link

Newsletter Updates

Enter your email address below and subscribe to our newsletter