Chunghwa Telecom Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended December 2015; Provides Earnings Guidance for the Year 2016
January 27, 2016 at 04:28 am EST
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Chunghwa Telecom Co., Ltd. reported unaudited consolidated earnings results for the year ended December 2015. For the year, the company reported EBITDA was TWD 83.84 billion.
For 2016, the Company expects total revenue to increase by TWD 1.70 billion, or 0.7%, to TWD 233.49 billion. Expected increases in revenue are due to the on-going growth of mobile Internet and mobile value-added customers, expansion of the ICT business and continual migration of fixed broadband customers. Increased revenue contribution from these growing businesses is expected to offset the projected decrease in voice service revenue attributed to VoIP substitution and market competition. Income from operations is expected to decrease by TWD 2.64 billion, or 5.2%, year-over-year. Income before income tax and net income attributable to stockholders of the parent are expected to be TWD 48.84 billion and TWD 39.98 billion, respectively, representing decreases of TWD 3.15 billion and TWD 2.84 billion, respectively. Earnings per share for 2016 is expected to decrease by TWD 0.37 to TWD 5.15, as compared to the prior year. Income from Operations is expected to be TWD 47.75 billion. EBITDA is expected to be TWD 82.24 billion. Acquisition for property, plant and equipment in 2016, including the 2015 deferred projects, is expected to increase by TWD 5.55 billion to TWD 30.63 billion as compared to the prior year. Total spending in 2016 for acquisitions of material assets is expected to be TWD 4.44 billion lower than that in 2015.
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.
Chunghwa Telecom Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended December 2015; Provides Earnings Guidance for the Year 2016