CHT forecasts slight drop in its year-on-year earnings

The figures represent a slight decline from last year, with revenues down NT$2.46 billion or 1.1 percent, profits down NT$2.9 billion, and EPS down NT$0.31 or 6.1 percent.

The company is poised to expand many of its operations, as reflected in its NT$3.89 billion increase in capital expenditure to a total of NT$37.15 billion.

CHT attributed the decline in profitability to a decrease in the price of its cellphone and data transmission services as well as reduced nonoperating profit through its Light-Era (光世代) construction subsidiary.

In addition, the company attributed the increase in this year's capital expenditure and operational costs to rising electricity prices, depreciation and amortization, the writing-off of unpaid receivables and infrastructure expansion to pave the way for growing its cloud computing services.

The company will continue its effort in expanding its core services, which entail the fiber-optic network systems, mobile broadband, cloud computing, multimedia-on-demand for television and information and communication technologies. In addition, the company is committed to continuing the build-out and expansion of high-speed fiber and mobile broadband networks throughout Taiwan, said CHT Chairman and CEO Lu Shyue-ching (呂學錦).

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