Reported 8 months ago
During the shareholders' meeting on June 21, Far EasTone, one of Taiwan's top three telecom companies, not only approved the profit distribution for the past year and decided to distribute a cash dividend of 3.25 yuan per share but also achieved near seven-year highs in consolidated revenue, consolidated EBITDA, net profit after tax, and EPS. Chairman Hsu Hsueh-tung expressed the company's commitment to excellence, highlighted the market value exceeding 300 billion for the first time with the synergy of merging with Asia Pacific Telecom in 2023, and emphasized future advancements with AI support. Far EasTone's performance included a 5.1% increase in consolidated total revenue to NT$93.69 billion in 2023. With a cash dividend of 3.25 yuan per share approved, including 2.635 yuan from earnings distribution and an additional 0.615 yuan from capital surplus, the dividend payout ratio reached 105%, maintaining over 100% dividend payout rate for 13 consecutive years. The company's General Manager, Ching Chi, stated that by integrating Asia Pacific Telecom last year, they have been driving digital transformation and growth in the telecom industry and new economy. Under the premise of synergy and AI, Far EasTone aims to exceed the telecommunications framework and is expected to reach new highs in the next three years.
Source: YAHOO