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Chunghwa posts 4Q profit

TAIPEI, Taiwan (AP) _ Chunghwa Telecom Co. (CHT) on Wednesday reported fourth-quarter net income of $288 million.

On a per-share basis, the Taipei, Taiwan-based company said it had profit of 37 cents.

The telecommunications company posted revenue of $2.02 billion in the period.

For the year, the company reported profit of $1.28 billion, or $1.64 per share. Revenue was reported as $7.48 billion.

Chunghwa expects full-year earnings to be $1.59 to $1.73 per share, with revenue in the range of $7.69 billion to $7.74 billion.

Chunghwa shares have climbed slightly more than 3 percent since the beginning of the year. The stock has increased 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHT at https://www.zacks.com/ap/CHT