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Chunghwa Telecom Announces Full Year 2005 Guidance30 April 2005
Chunghwa Telecom Co., Ltd (TAIEX: 2412; NYSE: CHT) ("Chunghwa" or "the Company"), today announced guidance for the full year 2005.
The Company estimates that full year 2005 revenues will be NT$180.0 billion, income before income tax will be NT$54.9 billion, net income will be NT$42.3 billion and earnings per share (EPS) will be NT$4.39*.
* Unless otherwise stated, all financial figures disclosed
in this announcement are prepared in accordance with ROC GAAP,
which differ in some material respects from generally accepted
accounting principles in the United States.
The Company has launched several strategic initiatives to actively compete in the intensely competitive Taiwanese telecom market. These include strengthening internal management to improve operating efficiency, further enhancing network quality to retain existing customers, and proactively introducing new services to attract additional customers.
The Company has also disclosed that as of the end of the first quarter, it is on track to meet its estimated year-end guidance. As of the end of the first quarter of 2005, service revenues were NT$44.0 billion, which is
equivalent to 24.4% of the year-end estimate; cost of services and operating expenses together were NT$29.6 billion, which is equivalent to 23.5% of the year-end estimate; and net income was NT$11.6 billion, which is equivalent to 27.5% of the year-end estimate.
About Chunghwa Telecom Co., Ltd.
Chunghwa Telecom is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed line services, mobile services and Internet and data services to residential and business customers in Taiwan. Further information about Chunghwa Telecom may be found on the Internet at http://www.cht.com.tw .
Disclaimer
This notice contains forecasts regarding results of operations of the Company, which forecast may not be realized in the future. You should refer to the critical accounting policies of the Company and the assumptions thereof for any further details.
For inquiries please contact:
Fu-fu Shen
Investor Relations
Tel: +886-2-2344-5488
Email: ffshen@cht.com.tw
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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