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- Chunghwa Telecom Co Ltd (NYSE:CHT) reported a third-quarter FY21 revenue decline of 2.5% year-on-year to NT$50.89 billion. The Basic EPS was NT$1.21.
- Segments: Mobile communications revenue increased by 5.6% Y/Y to NT$22.84 billion, mainly due to increased handset sales and mobile service revenue.
- Internet business revenue increased 11% Y/Y to NT$8.28 billion.
- Domestic fixed communications revenue declined by 16.9% Y/Y to NT$15.66 billion, mainly due to the decrease of ICT project revenues, offset by the increase of broadband access revenue.
- International fixed communications revenue decreased by 1.5% Y/Y to NT$2.11 billion.
- FTTx subscribers reached 3.68 million as of September 30. HiNet broadband subscribers increased by 0.5% Y/Y at 3.62 million.
- Chunghwa Telecom's mobile subscribers rose 4.1% Y/Y to 11.74 million. It had 9.73 million fixed-line subscribers.
- The operating margin expanded by 190 bps to 22.5%. The EBITDA margin expanded 289 bps to 41.4%.
- It generated NT$21.29 billion in operating cash flow. The company held NT$23.59 billion in cash and equivalents.
- In the mobile business, post-paid subscriber number and mobile service revenue continued to increase Y/Y to sustain ARPU growth.
- The launch of the Apple Inc (NASDAQ:AAPL) iPhone 13 series late in Q3 further increased the number of 5G subscribers and higher price plan adoption.
- Currently, Chunghwa has over 10,000 5G base stations operating and expects to meet its guidance of 12,000 base stations by the end of the year.
- "In addition, we are also delighted to see the 'work from anywhere' trend continued to enhance the growth of our broadband business as the number of 300Mbps and higher subscribers increased by 48% year-over-year. Our MOD business continued to achieve good performance as a result of our proper pricing strategy and the success of the broadcasting of the Tokyo Olympic Games," said Chi-Mau Sheih, Chairman and CEO of Chunghwa Telecom.
- Price Action: CHT shares closed lower by 0.23% at $39.50 on Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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