THAICOM Satellite operator posts rise in revenue
Satellite operator Thaicom Plc has announced Bt1.5 billion in consolidated revenue from sales of goods and rendering of services for the first quarter of this year, increasing 2.8 per cent from Bt1.4 billion for the fourth quarter of last year.
The rise in revenue was attributed to an increase in utilisation by existing and new customers in Thailand and overseas, in both conventional and Thaicom 4 Broadband services, according to the company’s report to the Stock Exchange of Thailand yesterday.
The company also recognised other incomes from the sale of CS Loxinfo Plc (CSL)'s share to Advanced Wireless Network Co Ltd (AWN) which was completed in January 2018, boosting the company’s total revenue for the first quarter of this year to Bt3.49 billion, an increase of 62.2 per cent from Bt2.15 billion in the same period last year. As a result, the company reported a consolidated net profit of Bt1.86 billion, an increase of 620.4 per cent from Bt259 million for the first quarter of last year.
