Telecoms post annual revenue growthBy Lisa Wang / Staff reporterTaiwan’s three major telecoms yesterday reported that revenue grew annually last month on increased demand for mobile and broadband services, as working from home, online shopping and distance learning became new norms amid a nationwide level 3 COVID-19 alert. “As mobile users subscribed to more upscale plans, mobile service revenue continued to grow,” Chunghwa Telecom said in a statement. Net profit grew 5.7 percent to NT$2.96 billion last month from NT$2.8 billion a year earlier, the company said. Online shopping revenue generated at its subsidiary Momo.com Inc (富邦媒體) accounted for 60 percent of its revenue last month, Taiwan Mobile said. In the first five months, revenue expanded 5.49 percent to NT$33.65 billion from NT$31.9 billion in the same period last year.

Source: Taipei Times June 10, 2021 15:56 UTC