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Chunghwa Telecom Q1 revenue down

Mobile services revenue accounted for 35.8% of the total revenue

By CBR Staff Writer

Taiwan-based Chunghwa Telecom has posted a net income for the first quarter of 2009 of TWD10.8 billion, representing an increase of 0.7% over the first quarter of 2008.

Chunghwa’s total revenue for the first quarter of 2009 decreased by 3.6% year-over-year to TWD49.1 billion, of which 26.7% was from fixed-line services, 35.8% was from mobile services, 25.4% was from internet and data services, and the remainder was mainly from handset sales from Chunghwa’s subsidiary Senao on a consolidated basis.

EBITDA for the first quarter of 2009 decreased by 10.7% year-over-year to TWD23.4 billion, resulting in an EBITDA margin of 47.6%, down from 51.3% for the first quarter of 2008.

Shyue-Ching Lu, chairman and CEO of Chunghwa Telecom, said: Given the current global economic environment, decreased visibility, and increased market volatility, we are changing our customary guidance format. We want to be as transparent as possible, but also need to be prudent with regard to comments about future outlook. As a result, CHT has decided not to provide full-year guidance for 2009; instead, we will give guidance on a quarterly basis.

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