Solid Q2 results from True Corp
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True Corporation delivered a solid performance in the second quarter, with ebitda (earnings before interest, tax, depreciation and amortisation) surging 37.8 per cent year on year and its margin soaring to 36.1 per cent, according to the listed company’s results reported on Tuesday.
Consolidated service revenue increased by about 10 per cent year on year to Bt24 billion as a result of continued solid double-digit growth of cellular and consumer broadband revenues.
Consolidated second-quarter net income was flat with a loss of Bt1.2 billion, while True’s core performance improved significantly to offset the loss of a one-time gain in the first three months of the year related to the valuation of its investment in DIF, the Digital Telecommunications Infrastructure Fund.
