True turns to net profit, TrueMove H unit adds 338,000 subs in Q1

Tuesday 14 May 2019 | 10:23 CET | News
True Group turned to a net profit of THB 1.5 billion in the first quarter of 2019, compared to losses of THB 673 million in year-earlier period. This solid performance was achieved as service revenue increased by 4 percent year-on-year to THB 25.8 billion, driven mainly by mobile sales growth, the company said. EBITDA jumped 13.9 percent year-on-year to THB 7.6 billion. Cash flows from operating activities was THB 1.2 billion in the first quarter of 2019, declining year-on-year on higher rental payments to DIF and working capital requirements, the company added.

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