Chunghwa Telecom Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year 2018
January 30, 2018 at 05:02 pm IST
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Chunghwa Telecom Co., Ltd. provided consolidated earnings guidance for the full year 2018. For 2018, the company expected total revenue to increase by 1.7% to 2.4% to TWD 231.47 billion to TWD 232.97 billion as compared to the un-audited consolidated total revenue of 2017. The increase in revenue is expected to be driven by increases in ICT project revenues, smart device sales, mobile VAS revenues, and IPTV revenues, which are expected to offset a decrease in voice revenue. Income from operations is expected to increase by TWD 0.44 billion to TWD 4.11 billion, or 0.9% to 8.8%, year over year. Income before income tax and net income attributable to stockholders of the parent are expected to be TWD 48.11 billion to TWD 51.89 billion and TWD 37.25 billion to TWD 40.31 billion, respectively. Net earnings per share for 2018 is expected to be TWD 4.80 to TWD 5.20. Capex for the acquisition of property, plant and equipment in 2018 is expected to increase by TWD 6.05 billion to TWD 33.06 billion as compared to the prior year, which is expected to be attributable to the enhancement of FTTx coverage and mobile network quality. Disposal of Material Assets is expected to be driven by the disposal of common shares of China Airlines. EBITDA is expected to be in the range of TWD 79.11 billion to TWD 82.79 billion. Income from operations is expected to be in the range of TWD 47.17 billion to TWD 50.84 billion.
Chunghwa Telecom Co Ltd is a Taiwan-based company principally engaged in the provision of telecommunication services. The Company conducts domestic fixed communications, mobile communications, Internet and international fixed communications services. The Company provides domestic fixed communication services for the home market, including local and long-distance telephone smart networks. Domestic circuit rental services, including asymmetric digital subscriber line (ADSL) services, optical generation services. Internet and value-added services, including Internet service providers (ISP), value-added services. Multimedia On Demand (MOD) and Internet Protocol Television (IPTV) services, international fixed communication services. The Company provides enterprise customer integration services, mobile enterprise customer services, data enterprise customer services, among others.