Far Eastone Telecommunications Co. Ltd.

10/12/2021 | Press release | Distributed by Public on 10/12/2021 03:50

Far EasTone Monthly Financial Highlights –September 2021

Taipei, Taiwan- October 12, 2021- Far EasTone (4904.TW) today announced its unaudited results for September 2021. FET's consolidated total revenue was NT$ 7,466 million, grew 25.3% YoY, which benefited from strong iPhone 13 launch that boosted customers' upgrade to 5G, as well as New Economy revenue injection from ICT and friDay online shopping business. FET's monthly consolidated revenue year-over-year growth has turned positive for 11 months in a row.

For the first 9 months of 2021, FET reported unaudited consolidated revenue of NT$ 61,037 million, EBITDA of NT$ 20,917, net income of NT$ 7,149 million, and EPS of NT$ 2.19. For the 3rd quarter, FET's net profits far exceeded its guidance by 10%. The Company's first 9 months EPS already achieved 85% of 2021 full year guidance.

FET postpaid customers continued to increase with industry leading mobile ARPU (Average Revenue Per User). Since March this year, FET led peers for first turning both its year-over-year mobile service revenue and blended ARPU positive. Mobile Blended ARPU in September even grew 3.4% YoY, a solid growth for 7 consecutive months.

FET's ongoing digital transformation efforts continued to pay off. The New Economy revenue in September posted a 36% increase, compared to the same period last year. ICT revenue rose 45% YoY, mainly driven by strong IoT revenue (up 265% YoY) and cloud business (up 75% YoY). As for consumer digital services, friDay online shopping and media service rose 43% and 24% YoY, respectively. For the first nine months of 2021, FET New Economy revenue growth reached 18%, and accounted for 16.5% of FET's total revenue, exceeded Company's full year guidance of 16%.

FET was awarded by Opensignal in its latest "5G Global Mobile Network Experience Awards" as the global winner in three key categories: "5G Download Speed," "5G Upload Speed," and "5G Video Experience", surpassed Korean telcos with early 5G success. With its global award winning 5G Network, FET's new iPhone 13 launch made a big hit, created its 2nd highest sales volume in iPhone history.

FET President, Dr. Chee Ching, who led FET's "Big Data + AI + IoT" based digital transformation efforts, was named as one of the "Digital Transformation Leaders" by Harvard Business Review - in its September Chinese Edition. For its continuous pursuit and achievements in sustainability, FET was recently granted "Best CSR Company- Telecom, Taiwan 2021" by Global Business Outlook, and named as the top 10 large enterprises for "Excellence in Corporate Social Responsibility" by CommonWealth Magazine.

Far EasTone September, 2021 Consolidated Earnings Performance

Unit: NT$ million (except EPS)

September 2021

Jan. - Sep. 2021

Cons. Total Revenue






Cons. Net Income






※ The figures are unaudited. 2021 financial result is provided in accordance with IFRS 16.

For more information, please go to www.fareastone.com.tw or www.fetnet.net .