By Lisa Wang / Staff reporterChunghwa Telecom Co (中華電信) reported that net profit last month rose 3.3 percent year-on-year to NT$31.4 billion (US$1.01 billion), or earnings per share of NT$0.41, outpacing long-term champion Taiwan Mobile Co (台灣大哥大). Net profit for the nation’s biggest telecom in the first six months of this year reached NT$16.92 billion, or earnings per share of NT$2.18. Due to higher mobile device sales, increases in sales from enterprise and government projects, as well as growth in multimedia-on-demand (MOD) sales, revenue last month gained 0.3 percent year-on-year to NT$16.89 billion, Chunghwa said. In the first six months, net profit reached NT$4.41 billion from NT$5.18 billion in the same period last year, while aggregate revenue over the period fell 4.71 percent to NT$41.25 billion. The firm said that business involving cloud-based services, the Internet of Things, big data and digital content helped fuel revenue growth last month.

Source: Taipei Times July 14, 2019 15:56 UTC