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Dtac reports Bt1.4bn quarterly profit

Apr 25. 2019
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By The Nation

In Q1 2019, Dtac said it continued rolling out and optimising the network after massive rollout activities in Q4 2018.

Dtac launched the “Never Stop Caring” campaign to increase the number of users on the 2,300MHz network, for improved mobile internet.

At the end of Q1 2019, the total subscriber base stood at 20.7 million, and the number of 2300MHz base stations reached 15,400, an addition of 2,700 base stations during the quarter, the firm said. Approximately 7.8 million subscribers, or 76 per cent of 4G subscriber base, were on the 2300MHz network. Overall network coverage stood at 94 per cent of the total population, Dtac said. 

Net profit for Q1 2019 amounted to Bt1.4 billion, increasing 7 per cent YoY despite a decline in service revenues, and reflected the first full quarter of the new cost structure after the end of the concession, including lower depreciation and amortization expenses, the firm said. However, operating cash flow (EBITDA – CAPEX) for the quarter returned to positive at Bt1.7 billion notwithstanding the ongoing expansion of the network. Moreover, the financial position remained solid, with net debt to EBITDA ratio of 1.3x and cash on hand of Bt12.8 billion.

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