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FET sees more income on 3Q16

Far EasTone Telecommunications (FET) has reported net profits grew 6% on quarter to NT$3.207 billion (US$101.92 million) for the third quarter of 2016. The earnings translated into an EPS of NT$0.98 for the July-September period.

The company also reported revenues of NT$23.319 billion and an EBITDA of NT$7.524 billion for the third quarter. The third-quarter EBITDA were the company's highest level in six years.

The ARPU (average return per user) reached NT$901 in the third quarter, up 0.5% from a year earlier, FET said.

FET also noted 4G service subscribers totaled 4.22 million at the end of September, accounting for 63% of its total monthly-based mobile subscribers.