Far EasTone Telecommunications : Monthly Financial Highlights – April 2024
May 10, 2024 at 05:12 am EDT
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Taipei, Taiwan- May 10, 2024- Far EasTone (TAIEX: 4904) today announced its unaudited financial results for April 2024. Bolstered by the synergies from merging with APT, continued customer upgrades to 5G, and stable growth in new economy business, the consolidated total revenue and EBITDA for April were NT$8,117 million and NT$2,923 million, respectively, marking a year-on-year growth rate of 13.5% and 11.5% and maintaining strong momentum. Although net income continues to be impacted by increased depreciation and amortization due to the merger, benefiting from stable profit margins, the year-on-year growth rate of net income for April still reached 5.2%, totaling NT$949 million, with EPS of NT$0.26.
Cumulatively until April of this year, FET's total consolidated revenue, consolidated EBITDA, and net income grew by 15.0%, 11.8%, and 5.9%, respectively, reaching NT$33,863 million, NT$11,811 million, and NT$3,871 million. EPS stood at NT$1.07, showcasing impressive operational performance.
In April 2024, FET's postpaid customers' ARPU saw an increase compared to March, with mobile service revenue continuing to rise, stabilizing at the NT$5 billion level, and achieving a year-on-year growth rate of 18.0%, marking 38 consecutive months of positive growth since March 2021.
Far EasTone April, 2024 Consolidated Financial Performance
Unit: NT$ million (except EPS)
April 2024
YoY%
Jan - Apr 2024
YoY%
Cons. Total Revenue
8,117
+13.5%
33,863
+15.0%
Cons. EBITDA
2,923
+11.5%
11,811
+11.8%
Cons. Net Income
949
+5.2%
3,871
+5.9%
EPS
NT$0.26
-
NT$1.07
-
Note:
※ Calculated based on the total outstanding shares of 3605.7 million shares.
For more information, please go to www.fareastone.com.tw or www.fetnet.net .
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Far Eastone Telecommunications Co. Ltd. published this content on
10 May 2024 and is solely responsible for the information contained therein. Distributed by
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Far EasTone Telecommunications Co Ltd is a Taiwan-based company principally engaged in the provision of telecommunication services. The Company provides individual users with personal mobile communication services, including mobile phone voice, Internet services and others; fixed communication services, including local telephone services, long-distance telephone services, 007 international telephone services and others; new economic services, included FriDay video, FriDay music, FriDay shopping. The Company provides enterprise users with professional telecommunications integration services, including mobile services, broadband services, mobile data services, mobile voice services, fixed-line voice services and data circuit services; cloud services; information security services; and New economic services, covering smart The internet of things (IoT) applications including smart cities, smart transportation, smart medical care, smart manufacturing, smart retail and others.