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Chunghwa Telecom, Far EasTone report Jan.-Aug. earnings per share

Chunghwa Telecom and Far EasTone Telecommunications, two of the island's leading mobile operators, yesterday reported their earnings per share for the first eight months of the year, with the figure released by Chunghwa hitting 71.1 percent of its target.

Chunghwa, Taiwan's largest operator, had August sales of NT$16.02 billion, a decline of 7.5 percent from the same period last year. Net profit was NT$3.53 billion, a decline of 4.4 percent year-on-year, although operating cost for the month was NT$12.03 billion, a decline of 8.1 percent year-on-year. The net profit translated into EPS of NT$0.46, a decline of 4.2 percent.

From January to August, sales were NT$125.8 billion, operating profit NT$27.83 billion, and earnings per share NT$3.59, or 71.1 percent of the firm's target for 2012.

According to the company, sales declined in August because during the same period last year Chunghwa Telecom pocketed an income from the Ministry of Finance for integrating their tax systems. Meanwhile, cost lowered due to a higher base period last year.

For the firm's data business, its sales declined by 2.3 percent year-on-year due to a reduction in ADSL fees. Its landline business saw sales decline 5.9 percent year-on-year.

For Far EasTone, it reported NT$7.359 billion in August sales and NT$2.109 billion in earnings before interest, tax, depreciation and amortization. Net profit was NT$1.022 billion and earnings per share NT$0.31.

For January to August, sales were NT$57.364 billion, net profit NT$7.15 billion and earnings per share NT$2.19.

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