Taiwan Mobile : Revenue and profit results for December
January 11, 2021 at 09:18 am
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Jan 11,2021
Taiwan Mobile announced FY20 unaudited consolidated revenue of NT$132.86bn, operating income of NT$16.06bn, net income of NT$11.29bn, and EPS of NT$4.01. Propelled by the accelerated growth momentum in our e-commerce business, TWM's overall consolidated revenue rose by 7% in FY20, where momo accounted for over half of consolidated revenue for the first time at 51%, while contributing to 14% of operating income. On the mobile business, the launch of 5G services and the release of 5G handsets, especially the iPhone 12 series, underpinned the upselling momentum in our customers. By the end of 2020, customers subscribed to high 5G rate plans already exceeded 400k, resulting in the stabilization of our smartphone users' average monthly fee and narrowing the YoY slide in mobile service revenue. As for profitability, FY20 telecom operating income dwindled YoY due to the start of 5G spectrum amortization and related infrastructure roll-out, as well as business promotions. Thanks to the economies of scale and operating leverage of our e-commerce business, FY20 consolidated operating income and net income both exceeded Company's guidance.
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Taiwan Mobile Co. Ltd. published this content on 11 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2021 09:17:07 UTC
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.