Chunghwa Telecom Shows Mixed Q2 2024 Results
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Chunghwa Telecom Shows Mixed Q2 2024 Results

Chunghwa Telecom Co (CHT) has released an update.

Chunghwa Telecom Co., Ltd. has reported a slight increase in total revenue to NT$ 54.12 billion for Q2 2024, driven by consumer and international business growth, despite a decline in enterprise revenue and a 1.0% drop in net income to stockholders. The company highlighted the success of its 5G migration and fixed broadband services, along with a strategic focus on AI data centers and potential market value enhancements through subsidiary spin-offs and M&As. Despite mixed financial performance, with some areas exceeding guidance, Chunghwa Telecom remains optimistic about its strategic trajectory and value creation.

For further insights into CHT stock, check out TipRanks’ Stock Analysis page.

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