Monday, August 26, 2019

CAT Telecom earns Bt8.6 bn in net profits in first half

Aug 14. 2019
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By THE NATION

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CAT Telecom has posted a total revenue of more than Bt29 billion in the first half of this year, with net profits of more than Bt8.6 billion, CAT president Sanpachai Huvanandana said.

The main sources of its revenue are the mobile phone service, data communication service, overseas call service and the leasing of telecommunications towers.

CAT is also continuing to roll out its Long Range Wide Area Network (LoRaWAN), which will be available nationwide this year to serve provinces that want to develop smart cities. 

The state agency has also developed smart solutions such as smart tracking, smart lighting and smart energy to serve state agencies and private companies, which Sanpachai said has good growth potential.

CAT also marked its 16th anniversary on August 14 by introducing new staff uniforms and launching all-year activities to promote what it calls the “CAT new brand DNA” under its CATALYST concept. 

This new DNA concept focuses on trying to gain deeper insight into customers and provide solutions to solve their problems. 

Recently the other state telecom agency TOT said it was confident of achieving its net profit target of Bt2.49 billion this year, higher than last year’s target of Bt2.17 billion. Of the projected figure, Bt1 billon was achieved in the first half of this year. 

TOT’s total revenue target is Bt56.5 billion, of which Bt25.3 billion will come from its own operations, while the remainder will come from its business partners.

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