Taiwan's Chunghwa Telecom has seen its first-quarter net profit rise by 11.8% year-over-year to NT$12.1 billion (US$386 million), primarily due to a 1% revenue growth and a decreased income tax rate. Revenue was up by 1% at NT$49.6 billion (US$1.58 billion), of which 44.8% was from the mobile business, 11.8% was from the internet business, 34.7% was from the domestic fixed business, 8.0% was from the international fixed business and the remainder was from the other business segment.
For the mobile business, total revenue for the first quarter of 2010 amounted to NT$22.2 billion, representing an increase of 2.1% year-over-year. The increase was mainly due to the growth of mobile data revenue and increased handset and data card sales. In addition, the overall economic recovery also supported handset sales and the mobile data revenue.
Income tax expense for the first quarter of 2010 were NT$3.0 billion, representing a decrease of 10.9% compared to NT$3.3 billion for the same period of 2009. This decrease was mainly due to the reduced income tax expense resulting from the income tax rate adjustment.
Total capex for the first quarter of 2010 amounted to NT$4.2 billion, representing a decrease of 11.4% year-over-year, primarily because the slight delay of capex budget execution. Of the NT$4.2 billion in capex, 66.8% was used for the domestic fixed communications business, 17.8% was for the mobile communications business, 4.6% was for the internet business, 9.2% was for the international fixed communications business and the remainder was for other uses.
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