Chunghwa Telecom Co., Ltd. Provides Earnings Results Guidance for the Year 2019
January 29, 2019 at 10:31 am
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Chunghwa Telecom Co., Ltd. provided earnings results guidance for the year 2019. For the year, the company expects total revenue to increase by TWD 5.10 to TWD 7.45 billion, or 2.4% to 3.5%, to TWD 220.56 to TWD 222.91 billion as compared to the un-audited consolidated total revenue of 2018. The increase in revenue is expected to be driven by increases in ICT project revenues, Application VAS revenues, and MOD revenues, which are expected to offset the decrease in voice revenue resulted from continuing VoIP substitution and the decline of mobile service revenue owing to market competition. Income from operations is expected to decrease by TWD 0.93 billion, to an increase by TWD 1.01 billion, or -2.1% to 2.3%, year over year. Income before income tax and net income attributable to stockholders of the parent are expected to be TWD 43.82 to TWD 45.76 billion and TWD 34.11 to TWD 35.68 billion, respectively. Net earnings per share for 2019 is expected to be TWD 4.40 to TWD 4.60. EBITDA for 2019 is expected to be TWD 78.03 billion to TWD 79.95 billion.
Chunghwa Telecom Co Ltd is a Taiwan-based company principally engaged in the provision of telecommunication services. The Company conducts domestic fixed communications, mobile communications, Internet and international fixed communications services. The Company provides domestic fixed communication services for the home market, including local and long-distance telephone smart networks. Domestic circuit rental services, including asymmetric digital subscriber line (ADSL) services, optical generation services. Internet and value-added services, including Internet service providers (ISP), value-added services. Multimedia On Demand (MOD) and Internet Protocol Television (IPTV) services, international fixed communication services. The Company provides enterprise customer integration services, mobile enterprise customer services, data enterprise customer services, among others.