ADVANC’s 1Q20 Profit Falls 10.75% due to Lower Revenue and Higher D&A

Advanced Info Service Public Company Limited (ADVANC) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

ADVANC reported a net profit of 6,756 million baht in 1Q20, decreased 10.75% when compared to a net profit of 7,570 million baht in 1Q19 mainly due to higher D&A and unrealized FX loss.

 

Total revenue reported 42,845 million baht, flat YoY and fell 12% QoQ resulted from global pandemic and continuous competition. Core service revenue contributed 77% while sales revenue contributed 15%.