Chunghwa Telecom marks first growth since 2015 thanks to 5G service tariff

Taipei Times
Date: Jan 13, 2021
By: Lisa Wang / Staff reporter

A logo of Chunghwa Telecom Co is seen at the IEEE Global Communications Conference in Taipei on Dec. 9 last year.
Photo: Ann Wang, Reuters

Chunghwa Telecom Co (中華電信), the nation’s biggest telecom service provider, on Monday reported that net profit last year increased 1.9 percent following the debut of 5G services, its first annual growth since 2015.

Net profit expanded to NT$33.42 billion (US$1.17 billion), up from NT$32.79 billion in 2019, and surpassed the company’s forecast of NT$30.91 billion to NT$32.47 billion.

That translated into earnings per share of NT$4.31, up from NT$4.23 in 2019.

Revenue last year remained little changed at NT$207.61 billion, up from NT$207.52 billion in 2019, but falling short of the company’s guidance of NT$214.1 billion to NT$215.29 billion.

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