Thaicom's Q1 profit jumps 620% on CS Loxinfo stake sale

Thursday 10 May 2018 | 10:53 CET | News
The company also recognized the other income from the sale of CS Loxinfo Public Company (CSL) shares to Advanced Wireless Network Company (AWN) which was completed in January 2018, therefore, the total revenue for the first quarter of 2018 was THB 3.49 billion, up 62.2 percent from THB 2.15 billion for the first quarter of 2017. As a result, Thaicom reported a consolidated net profit of THB 1.86 billion, an increase of 620.4 percent from THB 259 million for the first quarter of 2017.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: CS Loxinfo / CSL / Lao Telecommunications / Thaicom
Countries: Thailand
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


CS LoxInfo rebrands as CSL, unveils '3S Strategy'

Published 25 Jul 2019 10:35 CET | Thailand
CS LoxInfo has rebranded as CSL, following its acquisition by Advanced Info Service (AIS) in 2018. AIS expects revenue generated ...

Thaicom appoints Leebhumivanich as head of accounting

Published 03 Jul 2019 09:05 CET | Thailand
Thaicom has appointed Chalalai Leebhumivanich as its CFO / head of accounting. Leebhumivanich's appointment is effective ...

Thaicom's Q1 revenues drop 13% on declining satellite service sales

Published 09 May 2019 09:29 CET | Thailand
Thaicom reported EBITDA of THB 559 million for the first quarter of 2019, with an EBITDA margin of 43 percent, up from 24 percent ...

AIS adds 552,000 subscribers, profit drops 15% in Q3

Published 06 Nov 2018 08:47 CET | Thailand
Thai operator AIS ended the third quarter of 2018 with 40.6 million total mobile subscribers, after adding 552,000 subscribers ...

AIS acquires Thaicom's stake in CS Loxinfo for THB 1.95 bln

Published 09 Oct 2017 10:46 CET | Thailand
Thaicom has announced it has sold its stake in CS Loxinfo (CSL). Thaicom held around 250 million shares or a 42.07 percent stake ...

Thaicom's Q1 profit plunges 63%

Published 12 May 2017 09:15 CET | Asia
Asian satellite operator Thaicom's consolidated revenue from sales of goods and rendering of services for the first quarter of ...

Calendar   /   Industry Events

22 Jan Rogers Communications Q4 2019
23 Jan Comcast Q4 2019
23 Jan Intel Q4 2019
23 Jan STMicroelectronics Q4 2019
23 Jan Skyworks Solutions fiscal Q1
24 Jan Ericsson Q4 2019
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Airtel Africa fiscal Q3
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan KPN Q4 2019
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan Telenor Q4 2019
29 Jan European 5G Conference
::: More Calendar Items