0
Wireless

True turns to net loss in Q1, revenue grows 3%

Wednesday 20 May 2020 | 09:52 CET | News
Thai operator True Group saw its service revenue grow 3 percent year-on-year to THB 26.5 billion. Core service revenue rose 5 percent year-on-year, driving EBITDA up 61 percent from the previous year to THB 12.2 billion. Operating profit also increased by 52 percent year-on-year to THB 2.3 billion in the first quarter of 2020. True turned to a net loss of THB 161 million in the first quarter of 2020, compared to a net profit of THB 210 million in the three months ended 31 December 2019 and a profit of THB 1.5 billion in the first quarter of 2019.

Thank you for visiting Telecompaper

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.

Subscriptions

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: Mobile & Wireless
Companies: TrueMove / TrueOnline
Countries: Thailand
::: add a comment
This article is part of dossier

Coronavirus

,

OTT


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.