INTUCH’ Profit Sinks 20% in 1Q19 to ฿2.9bn. after No Booking of Extraordinary Items
INTUCH reported a net profit of THB 2,904 million, a decrease of 20% YoY, mainly due to THAICOM’s share disposal of CSL in 1Q18.
Intouch Holdings Public Company Limited (INTUCH) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
In 1Q19, INTUCH reported a net profit of THB 2,904 million, a decrease of 20% YoY (mainly due to THAICOM’s share disposal of CSL in 1Q18), but an increase of 57% QoQ (due to the impairment of satellite assets in 4Q18). Excluding these items, INTOUCH’s normalized net profit dropped by 9% YoY but rose 12% QoQ.
The share of profit by segment in 1Q19 was mainly from AIS at THB 2,996 million, a decline of 8% YoY but an increase of 9% QoQ, while, in 1Q19, THAICOM’s shares lost THB 14 million in value, but having profit of THB 453 million in 1Q18. However, a share loss from THAICOM improved from 818 million baht in the previous quarter.
