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Thaicom turns to net profit in Q3, revenue drops 23%

Friday 6 November 2020 | 08:16 CET | News
Satellite operator Thaicom reported revenues of THB 918 million for the third quarter of 2020, which represents a decline of 23 percent year-on-year. The revenue decrease was a result of the Thaicom 5 satellite de-orbit, the company said. However, Thaicom turned to net profit of THB 77 million in the quarter ended 30 September 2020, from a net loss of THB 113 million in the year-earlier period. This improvement was due to the decrease of depreciation from Thaicom 5 satellite de-orbit and the impairment of other satellites in 2019, together with an increased foreign exchange gain.

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Categories: Broadcast & Satellite
Companies: Lao Telecommunications / Thaicom
Countries: Lao People's Democratic Republic / Thailand
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