Chunghwa Telecom: Earnings Up - trackseekingalpha

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Chunghwa Telecom: Earnings Up
Jul 13, 2009 06:09 PM UTC

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Via Long Investment Ideas from Seeking Alpha:

Chunghwa Telecom (CHT) (Analyst Report), the largest integrated telecom operator in Taiwan, recently gave a snapshot of its financial results for the second quarter of 2009. Quarterly revenue from the parent company fell 3% year-over-year to NT$45.2 billion and net income was NT$11.54 billion, down 7.8% from the year-ago quarter.

Chunghwa’s second-quarter revenue was also below our expectations of NT$49 billion. This was primarily due to lower phone calls and utilization of internet data services by consumers as a result of the general economic downturn together with lower call tariffs imposed by the Taiwanese Government.

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