Far EasTone reports solid fourth quarter as post-paid MOU, ARPU increases

Taiwanese mobile network operator Far EasTone has released its financial results for the three-month period ended 31 December 2011, revealing a 9% year-on-year increase in net profit on the back of continued revenue growth. In the operator’s final quarter of the 2011 fiscal year it posted net profit of TWD2.428 million (USD81,984), up from TWD2.232 million in the corresponding period of 2010, although down marginally from the TWD2.443 million in the previous quarter. Consolidated turnover for 4Q11, meanwhile, increased to TWD20.012 million, a 14.5% y-o-y increase, while service revenues in the quarter rose by 7% to TWD16.698 million; mobile service revenue accounted for the lion’s share of the latter, totalling TWD14.609 million, up from TWD13.835 million

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OVETEL Far EasTone reports solid fourth quarter as post-paid MOU, ARPU increases