Chunghwa Telecom's profit drops 6.5% in 2016

Wednesday 11 January 2017 | 10:49 CET | News

Taiwanese operator Chunghwa Telecom said full year revenues slipped 0.8 percent from the year before to TWD 230.01 billion. Net profit fell 6.5 percent to TWD 40.03 billion, with earnings per share going to TWD 5.16. Chunghwa Telecom ended December with 10.93 million fixed-line subscribers, down from 10.95 million in November. The operator also had 4.47 million broadband users, and 10.78 millin mobile customers at end-2016.

The company said that its recognition of TWD 1.17 billion in impairments affected EPS by TWD 0.14 for the year, Digitimes reports. Mobile ARPU stood at TWD 596 in December 2016, down from TWD 598 in November.

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