Chunghwa reports lower EBITDA, net income on higher operating costs

Taiwan’s Chunghwa Telecom (CHT) has reported a drop in net profit for the first three months of 2012 on the back of lower earnings before interest, tax, depreciation and amortisation (EBITDA) which, it said, reflected higher operating costs and expenses. For the quarter ended 31 March 2012 CHT posted an EBITDA of TWD19.4 billion (USD664 million), down 11.8% year-on-year, while income from operations decreased by 18.7% to TWD11.3 billion. As a result, the company recorded net profits of TWD9.5 billion, representing a decline of almost 20% compared to the corresponding period a year earlier.

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OVETEL Chunghwa reports lower EBITDA, net income on higher operating costs