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Chunghwa Telecom's earnings in first six months reach company's H1 target

Chunghwa Telecom, Taiwan's leading operator, yesterday reported earnings per share of NT$2.68 for the first six months, hitting the firm's goal for the first half.

Chunghwa released the figure during its quarterly investors' meeting yesterday.

During the event, the firm reported second quarter combined sales of NT$54.19 billion, a decline of 0.4 percent from the same period last year. Profits of the parent corporation totaled NT$11.27 billion, a decline of 15.2 percent from the second quarter of 2011.

Earnings per share for the second quarter were NT$1.46, a rise from NT$1.22 for the first quarter. For the first half, sales totaled NT$109.61 billion, a rise of 2.5 percent year-on-year. Earnings per share were NT$2.68.

On Chunghwa's performance, Chairman Lu Hsueh-chin pointed out the firm had hit its financial goals for the first half, despite various regulations and fierce competition in the market.

With the telecom market constantly changing, Chunghwa will continue to promote and market its products to maintain growth of its core business, he said. Meanwhile, business generated by Chunghwa's add-value mobile services grew 33.6 percent in the second quarter on a year-on-year basis, indicating marketing campaigns directed at different customer groups were effective, he said.

“Being Taiwan's biggest integrated telecom operator, Chunghwa will continue to strengthen its service and diversify marketing strategy to widen its reach with clients,” he said. “We'll solidify our leadership status in the market.”

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