1934 Act Registration No. 1-31731
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Dated January 27, 2004
Chunghwa Telecom Co., Ltd.
(Translation of Registrant's Name into English)
21-3 Hsinyi Road Sec. 1,
Taipei, Taiwan, 100 R.O.C.
(Address of Principal Executive Office)
(Indicate by check mark whether the registrant files or will
file annual reports under cover of form 20-F or Form 40-F.)
Form 20-F x Form 40-F _____
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes _____ No x
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(If "Yes" is marked, indicated below the file number assigned to the
registrant in connection with Rule 12g3-2(b): Not applicable )
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant Chunghwa Telecom Co., Ltd. has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
Date: 2004/01/27
Chunghwa Telecom Co., Ltd.
By: /s/ Hank H. C. Wang
-----------------------------------
Name: Hank H. C. Wang
Title: Senior Managing Director
Finance Department
Exhibit
Exhibit Description
1 Press Release on 2004/01/27: Announcement of Unaudited Results for
Twelve Months to 2003.
EXHIBIT 1
Press Release on 2004/01/27:
CHUNGHWA TELECOM
Announcement of Unaudited Results for Twelve Months to 2003
Taipei, January 27, 2004: Chunghwa Telecom Co., Ltd. ("Chunghwa Telecom" or "the
Company" (TSE: 2412, NYSE: CHT) today announced its un-audited operating results
for the fiscal year ending December 31, 2003. All results listed in this press
release are based on ROC GAAP. Total revenue for the year amounted to NT$179,143
million, operating costs and expenses NT$120,854 million, and net income
NT$48,398 million. Net income per share for fiscal year 2003 was NT$5.02,
exceeding previously released guidance.
Total revenues were 0.9% higher than previously released guidance, and revenues
for fixed line and leased line businesses experienced higher growth than
expected. A key reason for the better than forecasted top line growth, is due to
Chunghwa Telecom's employees' successful promotion of a wide-variety of
services, despite fierce competition in Taiwan's fully liberalized
telecommunications market. . Growth in Chunghwa's mobile and data services fell
a little short of previously released expectations. Due to the Company's strict
cost and expense controls, total operating costs and expenses were 2% less than
originally forecast. In conclusion, total net income was 8% above previously
released guidance and was higher than all other telecom operators in Taiwan.
Chunghwa Telecom made significant operational advances in 2003 with strong
subscriber growth in its ADSL and mobile phone business lines, and both services
continue to hold leading market share positions in Taiwan. In 2004, the
management of Chunghwa Telecom believes that the Company's financial and
operating performance will exceed 2003's due to a recovery in the Taiwanese
economy, and that the Company will continue to create value for its
shareholders, customers, and employees.
About Chunghwa Telecom:
Chunghwa Telecom Co., Ltd. is the largest telecommunications service provider in
Taiwan and one of the largest in Asia in terms of revenues. The Company provides
fixed line services, including local, domestic long distance and international
long distance, wireless services, and Internet and data services, including
Internet service provider, asymmetrical digital subscriber line services and
leased line services. The Company's shares have been listed on the Taiwan Stock
Exchange since October 2000 under the ticker "2412". The Company's principal
executive office is located at 21-3 Hsinyi Road, Section 1 Taipei, Taiwan,
Republic of China.
FOR MORE INFORMATION PLEASE CONTACT:
Chunghwa Telecom Co., Ltd.
Ms. Fu-Fu Shen
Senior Director, Investor Relations
Phone: 886-2-2344-5488
Email: ffshen@cht.com.tw