Chunghwa Telecom revenue up 5.6% at NT$55.4 billion

Telecom Lead Asia:  Chunghwa Telecom has posted
consolidated revenue of NT$55.4 billion for the first quarter 2102, up 5.6
percent as compared with the same period of 2011.


The company said the revenue growth was primarily due to
the increase in mobile VAS revenue and handset sales.


For Q1 2102, total capex amounted to NT$6.7 billion,
representing a 52.9 percent year-over-year increase. Of the NT$6.7 billion capex
figure, 49.8 percent was used for the domestic fixed communications business,
29.7 percent was for the mobile business, 11.9 percent was for the internet
business, 7.2 percent was for the international fixed communications business,
and the remainder was for other uses.


Mobile communications revenue increased by 12 percent to
NT$25.6 billion and mobile value-added services (VAS) revenue increased by 29.2
percent to NT$4.6 billion.


Chunghwa Telecom’s internet revenue increased by 1.7
percent to NT$6.2 billion, on the other hand internet VAS revenue increased by
1.6 percent to NT$0.6 billion.


The company posted NT$19.0 billion revenue from domestic
fixed communications, down 1.1 percent as compared with the same period of last


International fixed communications revenue decreased by
4.0 percent Y-o-Y to NT$3.6 billion.


Other revenue increased by 81.6 percent, primarily due to
construction revenue from the property development subsidiary, Light Era.


The company’s total operating costs and expenses stood at
NT$44.1 billion, increased by 14.4 percent as compared with Q1 2011.


EBITDA for the first quarter of 2012 decreased by 11.8
percent to NT$19.4 billion, while income from operations decreased by 18.7
percent to NT$11.3 billion.


For the first quarter of 2012, Chunghwa Telecom posted net income of NT$9.5 billion,
representing a 19.8 percent decrease.


As of the end of the first quarter 2012, FTTx subscribers
had reached 2.5 million, accounting for 55.8% of total broadband users. HiNet
broadband subscribers totaled 3.7 million at the end of March 2012, a
year-over-year rise of 3.2%.


As of the end of March 2012, Chunghwa Telecom had 10.1
million mobile subscribers, an increase of 3.1 percent compared to 9.8 million
a year ago.


Chunghwa Telecom to expand workforce by 8% in 2012


Recently, Chunghwa Telecom announced that it is planning
to expand its workforce by around 8 percent this year to tap into new business
opportunities brought on by the closer economic ties between Taiwan and China.


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