Chunghwa Telecom Q4 earnings results; reaffirms FY24 outlook


EBITDA for the fourth quarter of 2023 was NT$ 20.38 billion, decreasing by 2.2% year over year. EBITDA margin was 33.0%, as compared to 35.0% in the same period of 2022.

2024 Guidance: 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$230.19 billion as compared to the un-audited consolidated total revenue of 2023. Operating costs and expenses for 2024 are expected to increase by NT$ 7.09~NT$ 8.06 billion, or 4.0%~4.6%, to NT$183.30~NT$184.27 billion as compared to the prior year. Income from operations is expected to decrease by NT$ 1.12 billion, to an increase by NT$0.15 billion, or -2.4%~0.3% to NT$45.23~NT$46.50 billion, year over year. Income before income tax and net income attributable to stockholders of the parent are expected to be NT$45.90~NT$47.58 billion and NT$35.66~NT$37.20 billion, respectively. Basic earnings per share is expected to be NT$4.60~NT$4.80.

Acquisition of Property, Plant and Equipment in 2024 is expected to increase by NT$3.04 billion to 34.02 billion as compared to the prior year.

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