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Chunghwa Post Q1 net income climbs 21.52% YOY

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Chunghwa Post Q1 net income climbs 21.52% YOY

Chunghwa PostCo. Ltd. reported a 21.52% year-over-year increase in net incomefor the first quarter.

The company's first-quarter net income rose to NT$1.26billion from NT$1.04 billion in the prior-year period.

Interest income inched down to NT$25.466 billion fromNT$25.472 billion, while insurance premiums rose to NT$38.82 billion fromNT$36.75 billion.

Operating income for the quarter more than doubled toNT$1.69 billion from NT$735.3 million in the prior-year period.

The company posted a net profit margin of 1.47% as of theend of March, up from 1.09% at the end of March 2015.

As of April 27, US$1was equivalent to NT$32.40.