Plus   Neg

Chunghwa Telecom Q1 Profit, Revenue Down

Taiwanese telecom services company Chunghwa Telecom Co., Ltd. (CHT) Thursday reported that its net income attributable to stockholders of the parent for the first quarter edged down 0.4 percent to NT$8.32 billion.

Total operating costs and expenses for the quarter slid by 8.1 percent to NT$37.62 billion, mainly due to lower cost of goods sold, interconnection costs, and ICT project costs.

The Group's total revenue for the first quarter declined by 6.2 percent to NT$48.15 billion. While internet business revenue remained flat, Mobile communications revenue slid by 7.9 percent. Domestic fixed revenue decreased by 6.7 percent and international fixed communication revenue declined by 17.6 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT