Taiwan Mobile Co., Ltd Reports Earnings Results for the Fourth Quarter of 2013 ; Provides Earnings Guidance for the First Quarter of 2014 and Capex Guidance for the Full Year of Fiscal 2014
January 29, 2014 at 12:15 pm
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Taiwan Mobile Co. Ltd. reported earnings results for the fourth quarter of 2013. For the quarter, the company net income fall 11% to TWD 3.55 billion. Revenues went up 8% to TWD 28.55 billion with mobile service revenues rising 5% to TWD 16.18 billion. EBITDA slipped 1% to TWD 7.58 billion and EBITDA margin fell by 2.4% points to TWD 26.5%.
For the first quarter of fiscal 2014, the company expects revenues to go up 5% year-on-year while EBITDA is expected to be flat. Lower write-off losses and an one-time land disposal gain will lead to a 3% increase in EPS to TWD 1.45.
The company's board has approved a TWD 12.8 billion capex for 2014, lower than the TWD 15.1 billion budget for last year, as reductions in 3G expenditure are expected to be larger than rises in 4G capex.
TAIWAN MOBILE CO., LTD. is a Taiwan-based telecommunication service provider. The Company mainly provides mobile phone communications services, fixed-line communications services and network and cable television services. The Company provides personal mobile communication services, including voice telephone communication services, specialty code services, data value-added services, voice value-added services, message value-added services, message services and others; household communications services, including cable television, digital cable television, broadband Internet access business and channel operation, as well as corporate communications services, including voice, data, Internet, mobile communications, system integration services and others. In addition, The Company is involved in the provision of Internet shopping, television shopping and catalog shopping services. The Company mainly conducts its businesses within Taiwan.
Taiwan Mobile Co., Ltd Reports Earnings Results for the Fourth Quarter of 2013 ; Provides Earnings Guidance for the First Quarter of 2014 and Capex Guidance for the Full Year of Fiscal 2014