[an error occurred while processing this directive] Taiwan Mobile [an error occurred while processing this directive]
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Date:Oct 08,2015

TWM announced September consolidated revenue of NT$8.95bn, EBITDA was NT$2.92bn with an operating income of NT$1.77bn and net income of NT$1.43bn. EPS was NT$0.52.  For the first nine months of 2015, TWM reported a consolidated revenue of NT$85.61bn, an EBITDA of NT$24.48bn, an operating income of NT$14.43bn and a net income of NT$11.92bn. EPS for the first nine months was NT$4.38.

Rosie Yu, Chief Financial Officer and Spokesperson of TWM, stated that, in September, total revenue decreased on a YoY basis as handset sales revenue was unable to match last year’s higher base that was driven by the sales of the iPhone 6/6 Plus whereas the new iPhone launch this year is scheduled for October.  Accordingly, expenditures also fell since handset subsidies for the month were lower compared to the same period last year.  Thus, that, along with growth in both 4G subscribers and postpaid ARPU, resulted in consolidated EBITDA and net income increasing 10% and 18% YoY, respectively.  Overall, cumulative net income for the first nine months reached 86% of the full-year guidance.

Taiwan Mobile Consolidated Results (Unaudited)

NT$mn

Sept 2015

Sept 2014

Jan.-Sept 2015

Jan.-Sept 2014

Revenue

8,948

9,475

85,610

82,430

   Operating Revenue1

7,656

7,676

69,641

68,291

   Handset Sales Revenue

1,292

1,799

15,969

14,139

EBITDA

2,917

2,656

24,482

24,040

Operating income

1,769

1,623

14,432

15,592

Pre-tax income

1,704

1,460

14,028

14,814

Net income

1,425

1,211

11,919

11,959

EPS (NT$)

0.52

0.45

4.38

4.45

Note 1: Derived from deducting handset sales revenue from the total revenue

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