OTHER ACTIVITIES: The telecom also saw handset sales decrease, but earned more from Web services as Taiwan Mobile relied on e-commerce for profit growth

Taipei Times
Date: Jan 14, 2019
By: Lisa Wang  /  Staff reporter

Chunghwa Telecom Co’s (CHT, 中華電信) net profits last year slid 8.6 percent annually to NT$35.52 billion (US$1.15 billion), due primarily to intensifying price competition, missing the company’s full-year forecast for the first time in history.

Major telecoms in May last year reduced their flat rates for unlimited 4G service packages to as low as NT$499 a month, which has negatively affected their bottom line.

Chunghwa Telecom on Thursday said that its earnings per share dropped to NT$4.58 last year, missing its prediction of NT$4.8 to NT$5.2.

The nation’s biggest telecom previously expected a 4.14 percent net profit decline to NT$37.25 billion last year.    [FULL  STORY]