Chunghwa Telecom reports revenue growth in January 2025

Chunghwa Telecom Co., Ltd. (NYSE:CHT), Taiwan’s largest telecommunications services provider and a prominent player in the Diversified Telecommunication Services industry with a market capitalization of $29.8 billion, disclosed its unaudited financial results for January 2025 today, revealing a revenue increase and solid operational performance.

According to InvestingPro data, the company maintains a strong financial health score and has demonstrated remarkable stability with 24 consecutive years of dividend payments.

The company’s January revenue reached approximately NT$18.19 billion, marking a 1.47% rise from the same period last year. Operating income stood at NT$4.36 billion, with net income attributable to shareholders at NT$3.43 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were reported at NT$7.68 billion, and earnings per share (EPS) were NT$0.44. The company’s performance reflects its stable business model, with InvestingPro analysis showing a moderate debt level and strong gross profit margin of 36.3%.

Additionally, the company announced that its annual general shareholders’ meeting is scheduled for May 29, 2025. Shareholders are informed that the registration for share transfer will be closed from March 31 to May 29, 2025. Those who have acquired shares but have not registered must do so by March 28, 2025, to participate in the meeting.

Shareholders holding at least 1% of the outstanding shares are invited to submit proposals and director nominations from March 4 to March 14, 2025. Each shareholder or group may propose one item and nominate up to thirteen director candidates, including five independent directors.

The company also addressed the rights of American Depositary Receipt (ADR) holders, stating that holders of at least 51% of the outstanding ADRs at the Shareholder Record Date have the right to submit proposals and director nominations for the upcoming shareholders’ meeting.

Chunghwa Telecom (BCBA:TECO2m) continues to diversify its services, focusing on big data, information security, cloud computing, IoT, and AI technologies. The company is committed to implementing environmental, social, and governance (ESG) initiatives, aiming for sustainable growth and corporate responsibility.

This report is based on a press release statement from Chunghwa Telecom Co., Ltd.

In other recent news, Chunghwa Telecom reported a record Q3 2024 revenue of over NT$55 billion, marking a 3.6% increase from the previous year. This growth mainly resulted from the company’s expansion in ICT services. However, the company faced slight declines in operating and net income due to higher manpower costs and increased broadcast rights fees. Earnings per share were reported at $1.16. The company also welcomed new executives, President Rong-Shy Lin and CFO Audrey Hsu, and shared strategies for future growth, focusing on high-margin products and services.

Chunghwa Telecom also demonstrated its commitment to environmental sustainability by setting a goal for Net-Zero greenhouse gas emissions by 2045. The company is expanding its international presence with a new subsidiary in Frankfurt and membership in the IoT World Alliance. Despite a slight decrease in operating cash flows by 0.3% year-over-year and a 15.1% decline in capital expenditures, the company maintains a strong financial position.

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