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FET forecasts earnings per share of NT$3.5 for this year

Far EasTone (FET) yesterday forecasts it will have net profit of NT$11.408 billion for 2013, or earnings per share (EPS) of NT$3.5.

The figure represents a growth of eight percent from 2012, the firm said during its quarterly investors' conference yesterday.

The mobile operator already had a good year in 2012. Total sales hit 107 percent of the firm's original estimate, while EPS 105 percent.

This year, sales are forecasted to be NT$89.665 billion, a growth of three percent from 2012. Sales from Far EasTone's core service are expected to be NT$71.983 billion, or growth of four percent. Earnings before interest, tax, depreciation and amortization are expected to be NT$25.599 billion, a rise of five percent.

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