Friday, October 10, 2008

Is Chunghwa ending the year face-down?

Chunghwa Telecom, Taiwan's largest phone operator, posted a 2.5 percent drop in nine-month profit.

Net income fell to NT$36.9 billion ($1.1 billion), or NT$3.86 a share, the Taipei-based company said in a statement. Revenue for the period was NT$140 billion, the statement said, almost unchanged from a year ago.

The company posted profit of NT$37.8 billion, or NT$3.55 per share, for the same period last year on sales of NT$139.9 billion.

Will Chunghwa climb back up this last quarter of '08?