AIS expects 6 to 8 per cent service revenue growth
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Thailand's largest cellular operator Advanced Info Service (AIS) has expected service revenue growth of between 6 per cent to 8 per cent this year, according to its 2014 management outlook and strategies.
The company has set aside the capital expenditure of Bt40 billion this year for the further expansion of its 3G-2.1GHz network coverage.
AIS made net profit of Bt36.274 billion last year, up 4 per cent year on year, due to improved EBITDA (for earnings before interest, taxes, depreciation, and amortization) and reduced corporate tax from 23 per cent to 20 per cent, in spite of higher network depreciation and amortization on new 2.1GHz spectrum, according to its filing to the Stock Exchange of Thailand on Feb 11.
Last year its service revenue, excluding Interconnection Charge, stood at Bt112.528 billion, up 3.9 per cent year on year, underpinned by strong demand for mobile internet whereas voice continued to decline.
AIS share price on Tuesday closed at Bt209, down 0.95 per cent.
