Taiwan Mobile Co (台灣大哥大) yesterday retained its top position as the nation’s most profitable telecom with earnings per share (EPS) of NT$0.46 for last month, beating bigger rival Chunghwa Telecom Co’s (中華電信) NT$0.42 and Far EasTone Telecommunications Co’s (遠傳電信) NT$0.26.
The nation’s second-biggest telecom said net profit last month shrank 3.3 percent year-on-year to NT$1.24 billion (US$41.51 million).
The decline was the smallest annual contraction in seven months as growth in value-added mobile service usage and e-commerce transactions helped support revenue by 5.8 percent to NT$9.55 billion, spokesperson Rosie Yu (余若奚) said in a statement.
Taiwan Mobile made NT$4.72 billion in net profit for the first four months of the year, or NT$1.74 per share, achieving 35 percent of its full year forecast of NT$13.6 billion, or NT$5 a share, Yu said.
Earnings before interest, taxes, depreciation and amortization climbed 6 percent last month, excluding the implementation of new accounting rules, she said.
Chunghwa Telecom reported net profit dropped 4.4 percent to NT$3.25 billion, compared with NT$3.8 billion a year earlier.
For the first four months of the year accumulated earnings were NT$1.55 per share, it said.
Revenue last month fell 4.5 percent to NT$17.3 billion from NT$18.55 billion in April last year, while overall mobile service revenue fell 3.59 percent year-on-year, it said.
Far EasTone reported net profit of NT$859 million for last month, bringing its earnings for the first four months of this year to NT$1.02 per share. It did not provide figures for comparison.
Revenue rose 1.02 percent to NT$7.28 billion, from NT$7.21 billion in April last year, it told the Taiwan Stock Exchange.
CHIP WAR: Tariffs on Taiwanese chips would prompt companies to move their factories, but not necessarily to the US, unleashing a ‘global cross-sector tariff war’ US President Donald Trump would “shoot himself in the foot” if he follows through on his recent pledge to impose higher tariffs on Taiwanese and other foreign semiconductors entering the US, analysts said. Trump’s plans to raise tariffs on chips manufactured in Taiwan to as high as 100 percent would backfire, macroeconomist Henry Wu (吳嘉隆) said. He would “shoot himself in the foot,” Wu said on Saturday, as such economic measures would lead Taiwanese chip suppliers to pass on additional costs to their US clients and consumers, and ultimately cause another wave of inflation. Trump has claimed that Taiwan took up to
A start-up in Mexico is trying to help get a handle on one coastal city’s plastic waste problem by converting it into gasoline, diesel and other fuels. With less than 10 percent of the world’s plastics being recycled, Petgas’ idea is that rather than letting discarded plastic become waste, it can become productive again as fuel. Petgas developed a machine in the port city of Boca del Rio that uses pyrolysis, a thermodynamic process that heats plastics in the absence of oxygen, breaking it down to produce gasoline, diesel, kerosene, paraffin and coke. Petgas chief technology officer Carlos Parraguirre Diaz said that in
Japan intends to closely monitor the impact on its currency of US President Donald Trump’s new tariffs and is worried about the international fallout from the trade imposts, Japanese Minister of Finance Katsunobu Kato said. “We need to carefully see how the exchange rate and other factors will be affected and what form US monetary policy will take in the future,” Kato said yesterday in an interview with Fuji Television. Japan is very concerned about how the tariffs might impact the global economy, he added. Kato spoke as nations and firms brace for potential repercussions after Trump unleashed the first salvo of
SUPPORT: The government said it would help firms deal with supply disruptions, after Trump signed orders imposing tariffs of 25 percent on imports from Canada and Mexico The government pledged to help companies with operations in Mexico, such as iPhone assembler Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), shift production lines and investment if needed to deal with higher US tariffs. The Ministry of Economic Affairs yesterday announced measures to help local firms cope with the US tariff increases on Canada, Mexico, China and other potential areas. The ministry said that it would establish an investment and trade service center in the US to help Taiwanese firms assess the investment environment in different US states, plan supply chain relocation strategies and
RSS