Dtac's earnings up 21.5%
Total Access Communication Plc (Dtac) posted the third-quarter net profit of Bt3.1 billion, up 21.5 per cent from the same period of last year, thanks to the growth in non-voice service revenues and sale of smart phones.
In a company's statement, it said that in the quarter, Dtac generated an operating free cash flow (defined by EBITDA minus capital expenditures of Bt5.5 billion.
In the quarter, its revenues amounted to Bt19.6 billion, up 12 per cent on year. EBITDA for the quarter totalled Bt7 billion, an increase of 13.3 per cent from the same period a year ago, excluding retroactive Interconnection Charge (IC) settlement and gain from the disposal of Chai Building.
In the quarter, Dtac added another 136,055 subscribers, bringing the total subscriber base to 22.9 million.
"Our results in the first nine months of the year reflect a good outlook for revenue development, especially a continued growth in non-voice service. The company recently launched the 3G service on 850 MHz in August in order to support the growing demand of mobile data service. We have continued our effort on improving our operational efficiency. With a strong performance in the first nine months of the year, therefore, we raise our full-year target of operating free cash flow to Bt20 billion," said CEO Jon Eddy Abdullah.
