TRUE Turns Around to Find ฿384M. of Profit in 3Q18 from High Revenue!
Due to its high revenue and subscriber's growth, TRUE recorded ฿384 million of profit in 3Q18 YoY.
True Corporation Public Company Limited (TRUE) has reported its 3Q18 consolidated financial statement through the Stock Exchange of Thailand as follows:
TRUE’s net profit in 3Q18 was ฿385 million, improved significantly from a loss of ฿691 million in the same period last year. This solid performance was driven by strong revenue and subscriber growth
Consolidated service revenue reached a record ฿26.3 billion in 3Q18, a growth of 7.3% YoY, 10.3% YoY, excluding contribution from the fixed-line phone concession. The growth was driven mainly by double-digit growth of both the cellular and broadband internet businesses.
When excludes impact from sales of assets to the Digital Telecommunications Infrastructure Fund (DIF), EBITDA grew 13.9% from the same period last year to ฿10.2 billion with margin increasing to 38.4% in 3Q18 compared to 36.5% in 3Q17.