Chunghwa Telecom Expects 2024 Revenue of NT$228.54B-NT$230.19B, up by 2.4%~3.1% YoY, EPS of NT$4.60-NT$4.80, Implying a Change of (3.4%)-0.8% YoY

For 2024, the Company expects total revenue to increase by NT$ 5.34~NT$6.99 billion, or 2.4%~3.1%, to NT$228.54~NT$230.19 billion as compared to the un-audited consolidated total revenue of 2023. The increase in revenue is expected to be propelled by increases in mobile communications revenue, broadband access revenue, and data communications revenue, as well as revenue coming from the expansion of emerging businesses driven by the sustainable transformation and digital economy.

Operating costs and expenses for 2024 are expected to increase by NT$ 7.09~NT$ 8.06 billion, or 4.0%~4.6%, to NT$183.30~NT$184.27 billion as compared to the prior year. The increase is mainly from the increasing cost of investment in talents and infrastructure that supports future business development in emerging businesses.

Income from operations is expected to decrease by NT$ 1.12, to an increase by NT$0.15 billion, or -2.4%~0.3% to NT$45.23~NT$46.50 billion as compared to the prior year. Income before income tax, net income attributable to stockholders of the parent and net earnings per share are expected to be NT$45.90~NT$47.58 billion, NT$35.66~NT$37.20 billion and NT$4.60~NT$4.80, respectively, representing a decrease of NT$1.09 to an increase of NT$0.59 billion, a decrease of NT$1.26 to an increase of NT$ 0.28 billion and a decrease of NT$0.16 to an increase NT$0.04 respectively, year over year.

Acquisition of Property, Plant and Equipment in 2024 is expected to increase by NT$3.04 billion to NT$34.02 billion as compared to the prior year, owing to the investments in 5G deployment to maintain a competitive edge, the expansion of internet data center, new construction of submarine cable, and the elimination of energy-intensive equipment to realize ESG practices.