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Oct. 26, 2012 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its operating results for the third quarter and first nine months of 2012. All figures were prepared in accordance with generally accepted accounting principles of the
Republic of China ("ROC GAAP") on a consolidated basis.
(Comparisons, unless otherwise stated, are to the prior year period)
Third Quarter 2012 Financial Highlights
Total net revenue decreased by 2.3% to NT$54.40 billion
Mobile communications revenue increased by 4.7% to NT$24.88 billion
Mobile value-added services (VAS) revenue increased by 36.5% to NT$5.35 billion
Handset sales revenue increased by 14.0% to NT$6.39 billion
Internet revenue decreased by 6.1% to NT$6.05 billion
Internet VAS revenue increased by 5.4% to NT$0.65 billion
Domestic fixed communications revenue decreased by 7.7% to NT$18.94 billion
International fixed communications revenue increased by 2.2% to NT$3.86 billion
Total operating costs and expenses increased by 1.1% to NT$42.30 billion
Net income totaled NT$10.2 billion, representing a 14.6% decrease
Basic earnings per share (EPS) was NT$1.31
First Nine Months of 2012 Financial Highlights
Total net revenue increased by 0.9% to NT$164.01 billion
Mobile communications revenue increased by 9.1% to NT$75.2 billion
Mobile VAS revenue increased by 33.2% to NT$14.94 billion
Handset sales revenue increased by 33.6% to NT$20.95 billion
Internet revenue decreased by 2.9% to NT$18.24 billion
Internet VAS revenue increased by 5.0% to NT$1.94 billion
Domestic fixed communications revenue decreased by 5.2% to NT$56.38 billion
International fixed communications revenue decreased by 0.5% to NT$11.37 billion
Total operating costs and expenses increased by 5.7% to NT$126.14 billion
Net income totaled NT$30.96 billion, representing a 16.5% decrease
Basic EPS was NT$3.99
"We are pleased with our third quarter financial results and we remain on track to meet our full year financial guidance," commented Dr.
Shyue-Ching Lu, Chairman and Chief Executive Officer of Chunghwa Telecom. "In order to meet customer demands in today's quickly evolving digital and mobile world, we continued to leverage our full suite of telecom services to further attract subscribers and steadily increase average revenue per user ("ARPU"). In fact, recent surveys indicated that our MOD offers the highest quality TV services in
Taiwan, which is reflected in our revenue growth and increasing demand from advertisers. On the mobile front, we continued to maintain our leadership with the largest customer base and highest customer loyalty in
Taiwan, delivering over 51.5% year-over-year growth in mobile internet services revenue."
Chunghwa's total net revenue for the third quarter of 2012 decreased by 2.3% to
NT$54.40 billion. This total was comprised of 45.7% mobile, 11.1% internet, 34.8% domestic fixed, 7.1% international fixed, and the remainder was from other businesses.
While the mobile VAS and handset sales revenue from the Company's subsidiary Senao continued their strong growth momentum during the quarter, total net revenue decreased. This decrease was primarily attributable to several declining factors including; Mobile voice revenue attributable to Chunghwa's market competition and the National Communication Committee's ("NCC") tariff reduction, revenue recognized under domestic fixed and internet segments from the government integrated taxation information system project which is nearing completion, domestic service revenue due to mobile substitution, as well as Domestic Long Distance ("DLD"), broadband and ISP revenue due to tariff cuts.