ITEL’s 1Q Net Profit Increases 15% to ฿45.9Mn Due to Increased Service Income

Interlink Telecom Public Company Limited (ITEL) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

For the three-month period ended 31 March 2021, ITEL has total revenue of Baht 511.31million, increasing by Baht 50.66 million,11.00% compared to the same period of the prior year. In addition, net profit was Baht 45.91 million, increasing by Baht 5.82 million, 14.53% compared to the same period of the prior year as well. The increase mainly because of the growth of service income.

 

Service incomes consist of 3 categories as follows.

 

Service income from network rendering was Baht 300.06 million or represented 60.38% of total service incomes. The service income increased compared to the same period of the prior year by Baht 32.61 million or 12.19% because the company recognized service income of the project of providing high-speed internet service in a remote area (USO Phase 2) and the increasing of the new customers during the period.

 

Service income from network installation service was Baht 176.00 million, 35.42% of total service incomes. The service income increased from the same period of the prior year by Baht 11.06 million, 6.71%. The major projects which recognized revenue in this period are as the procurement of IP microwave radio sets with system accessories amounted to Baht 78.75 million, a contract for the installation of a fiber-optic network of the telecommunication service provider amounted to Baht 50.94 million, and a contract for the purchase and installation of fiber optic for a government entity amounted to Baht 11.00 million.

 

Lastly, service income from data center space of Baht 20.86 million, 4.20% of total service incomes. It decreased because the company had revised the price of the service contract.