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General

True Group more than doubles profit in Q3 boosted by asset sale to DIF

Tuesday 19 November 2019 | 14:40 CET | News
True Group reported a net profit of THB 2.9 billion for the third quarter of 2019, up from THB 1.1 billion in the second quarter of 2Q19 and THB 99 million in the three months ended 30 September 2018. EBITDA and operating profit grew to THB 10.3 billion and 3.4 billion respectively. This was driven by higher service revenue with solid subscriber growth of both broadband and mobile businesses and the gain from asset sale to the Digital Telecommunications Infrastructure Fund (DIF) in August. As a result, net profit for the first nine months reached THB 5.4 billion.

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Categories: General
Companies: TrueMove / TrueOnline
Countries: Thailand
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