PROJECTS: The telecom plans to provide more focused ICT solutions, as well as streamline its ICT product platform to make it more competitive, Sheih Chi-mau said

Taipei Times
Date: Jan 31, 2019
By: Kao Shih-ching  /  Staff reporter

Chunghwa Telecom Co (中華電信), the nation’s biggest telecom, yesterday forecast that its net profit this year would contract for a fourth consecutive year as operational costs rise, mostly due to increased expenses for new information and communications technology (ICT) projects.

Net income for this year could shrink by 4 percent year-on-year to NT$34.11 billion (US$1.11 billion), or grow 0.5 percent to NT$35.68 billion, compared with the NT$35.52 billion last year, Chunghwa Telecom said.

Earnings per share would reach between NT$4.4 and NT$4.6 this year, compared with NT$4.58 last year, the company said.

Total revenue for this year is expected to increase by a range of between 2.4 percent and 3.5 percent to between NT$221 billion and NT$223 billion, buoyed by increasing enterprise ICT projects, value-added services and Internet services such as integrated data centers and information security, chief financial officer Harrison Kuo (郭水義) told an investors’ conference.    [FULL  STORY]