Far EasTone's profit in November increased by 26.1% year-on-year.

The picture shows Jing Qi, General Manager of Far EasTone.

(Photo by reporter Wang Yihong)

[Reporter Wang Yihong/Taipei Report] Far EasTone (4904) benefited from the continuous increase in the number of 5G users and the injection of new economic revenue. In November, the revenue was 7.972 billion yuan, and the after-tax net profit was 828 million yuan, with an annual growth rate of 26.1%. The profit was 0.25 yuan, creating a good performance of double-digit growth for 11 consecutive months.

In the first 11 months, Far EasTone’s revenue was 81.027 billion yuan, and the after-tax profit was 8.708 billion yuan, with annual growth rates of 4.9% and 20.4% respectively (after deducting the impact of non-operating income from the activation of assets in July last year), earnings per share (EPS) 2.67 yuan, with an annual growth rate of 20.4%.

Far EasTone pointed out that the mobile communication business continued to achieve good results in November, with the annual growth rate of mobile service revenue reaching 3.6%, and the total number of users growing simultaneously.

The penetration rate of 5G continues to rise, and the average monthly contribution of customers (Average Revenue Per User, ARPU) in November continues to increase, with an annual growth rate of 2.5%; since March 2021, it has been growing for 21 consecutive months; monthly rent The annual growth rate of ARPU is more than 3.1%.

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Far EasTone continues to cultivate 5G "big players" (big data, artificial intelligence, Internet of Things), cloud and information security key technical capabilities, expands multiple services, and meets the needs of the audience. With both contributions from information and communication services and personal digital services, the accumulated From January to November this year, the annual growth rate of new economy revenue reached 20%, accounting for 19% of revenue.

The 2022 Dow Jones Sustainability Index (DJSI) announced the selection results. Far EasTone Telecom has been selected as the highest-level constituent stock of the "Dow Jones Sustainability World Index" for 4 consecutive years, and has also been listed in the "Dow Jones Sustainability Index" for 7 consecutive years. Constituents of the Emerging Markets Index.

DJSI is an index launched by S&P Dow Jones Indices of the United States. It evaluates the sustainable development effectiveness of enterprises from three aspects: environment, society, and corporate governance. This year, 5,000 companies from all over the world participated in the evaluation. Only the top 10% of companies with sustainable performance can be selected as DJSI constituent stocks, which is one of the most credible corporate sustainability evaluations in the world.

In addition, Far EasTone and Intel signed the "5G Sister Laboratory Memorandum" to jointly promote the development of forward-looking technologies and accelerate the innovation and upgrading of Taiwan's industries.

Far EasTone has also completed the first "5G ONF Local Deployment Open Source Network End-to-End Test Environment (Self-managed Deployment)" in the global telecommunications industry, which greatly improves the speed and capacity of 5G independent networking and meets the needs of 5G vertical fields, enterprise private networks, The huge demand for smart city and metaverse applications has created another milestone for the global 5G development.

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