Chunghwa Telecom Reports Positive First Quarter Results in 2024

Economics
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Nicole Guillot Chief Operating Officer & President of PR Newswire | Twitter Website

TAIPEI, May 2, 2024 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) announced its un-audited operating results for the first quarter of 2024, with a focus on financial performance and strategic outlook.

According to the report, Chunghwa Telecom's total revenue increased by 1.4% to NT$ 54.94 billion in the first quarter of 2024. Mr. Shui-Yi Kuo, Chairman and CEO of Chunghwa Telecom, expressed satisfaction with the company's performance, stating, "Chunghwa Telecom has embarked on 2024 with a strong start. Our robust first quarter results have once again showcased the efficacy of our strategic execution and the excellence of our dedicated team."

Mr. Chau-Young, Lin, President of Chunghwa Telecom, highlighted the growth in the Consumer Business Group, attributing it to the rise in mobile services and the success of subscription packages. Mr. Kuo emphasized the company's investments in AI infrastructure and digital ecosystems to enhance customer experience and seize opportunities in AI-driven transformation.

The company's dedication to innovation and high-quality services was reiterated by Mr. Kuo, who expressed confidence in capitalizing on current momentum throughout the year and beyond.

Chunghwa Telecom remains committed to sustainable practices and has actively implemented environmental, social, and governance (ESG) initiatives to achieve sustainability goals, earning recognition for its efforts. For more information on Chunghwa Telecom's financial statements and operational data, visit their website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings.