Chunghwa Telecom Q4 Profit Climbs; Sees Lower Profit In FY16 - Quick Facts

(RTTNews) - Chunghwa Telecom Co Ltd. (CHT) reported Thursday that its fourth-quarter net income attributable to stockholders of the parent increased 17.3 percent from last year to NT$9.47 billion. Basic earnings per share were NT$1.22.

Income from operations increased 20.8 percent to NT$11.37 billion. The operating margin was 18.3 percent, compared to 15.8 percent in the same period of 2014.

Total revenue increased 4.3 percent year-over-year to NT$62.22 billion. Mobile communications revenue increased 7.5 percent. Mobile value-added services revenue grew 8.4 percent with mobile Internet revenue, the largest contributor to VAS revenue, increasing by 13.5 percent.

Internet business revenue increased 1.9 percent primarily attributable to higher HiNet service revenue.

Looking ahead, for 2016, the company expects attributable net income to be NT$39.98 billion, down 6.6 percent from last year. Earnings per share are expected to be NT$5.15.

Total revenue would increase 0.7 percent to NT$233.49 billion.

Rick Tsai, Chairman and CEO of Chunghwa Telecom stated, "Our focus for 2016 will remain on expanding 4G, value-added and ICT services through leveraging our advantages as an integrated telecom services provider."