08.14.2001
TCC reports record figures for 1H01

• Development: TCC reported 1H01 results, with revenue at NT$24.5bn (up 16% YoY). Pretax profit surged to NT$8.3bn (up 27% YoY), with net profit at NT$7.9bn (up 17% YoY) and EPS of NT$2.14, which was record high performance for the firm.

• Analysis: During last 3 months, TCC posted consecutive monthly highs in revenue, with earnings achieving record highs in the latter two months. In July, TCC disclosed a 20% MoM jump in earnings as handset rebates were discontinued.

• Primasia View: TCC is offering bundled services with its fixed-line partner - Taiwan Fixed Network (unlisted), which should enhance customer service and loyalty. We remain positive on TCC’s prospects.