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.

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Categories: Mobile & Wireless
Companies: TrueMove / TrueOnline
Countries: Thailand
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