TRUE’s 2019 Net Profit Dips Nearly 20%, Offering a Dividend at ฿0.09/Share

True Corporation Public Company Limited (TRUE) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

TRUE reported a net profit in 2019 at 5,636 million baht, decreased 19.87% from a net profit of 7,034 million baht in 2018.

EBITDA was Baht 33.9 billion in 2019, softening YoY on higher gain from asset sale to DIF in the previous year and loss from product sales following TFRS15 adoption. EBITDA grew 2% QoQ to Baht 8.1 billion in 4Q19 excluding the gain from asset sale to DIF.

Its operating profit excluding the gain from asset sale to the Digital Telecommunications Infrastructure Fund (DIF) surged to Baht 4.7 billion, compared to approximately Baht 1 billion loss in a year earlier,as service revenue continued to increase to a record high of Baht105.8 billion led by TrueMove H’s above-industry growth particularly in the fourth quarter.

 

In addition, the Board of Directors of TRUE has approved a resolution for a dividend payment to be paid on May 29, 2020, at a value of ฿0.09/share with an ex-dividend date on March 13, 2020.