TRUE Profit Soars 6.6B Baht, 5 Quarters Up; 4.8B Baht Interim Dividend

Thansettakij•Economy•6d ago

Reader Briefing

TRUE Corporation reports a significant profit increase of 6.6 billion baht, driven by spectrum license acquisition and operational efficiencies, marking its fifth consecutive quarter of profit growth.

•TRUE Corporation announced a net profit of 6.6 billion baht for the quarter.
•This marks the fifth consecutive quarter of profit growth for the company.
•An interim dividend of 4.8 billion baht has been approved.
•Key drivers include spectrum license acquisition, operational efficiencies, and synergy benefits from business consolidation.
•Subscriber growth in mobile and home internet services contributed positively to performance.

Overview

•TRUE Corporation reported a net profit of 6.6 billion baht in the current quarter.
•This represents the fifth consecutive quarter of profit growth for TRUE Corporation.
•The company's board of directors approved an interim dividend payment of 4.8 billion baht.
•Profit growth was primarily driven by the acquisition of spectrum licenses and operational efficiencies.
•EBITDA reached 28 billion baht, an increase of 10.9% compared to the previous year.
•Mobile subscribers increased by 614,000 in the quarter, reaching a total of 48.1 million.
•Home internet users increased by 36,000, the highest growth since business consolidation.
•TRUE Corporation is continuing to focus on prudent financial management and disciplined investment in value-adding businesses.

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Key Entities

Organization

TRUE Corporation(TRUE)ℹ️

A telecommunications company reporting its financial performance and dividend distribution.

True Corporation(ทรู คอร์ปอเรชั่น)ℹ️

The entity reporting its financial results and strategic initiatives.

Ministry of Education(กระทรวงศึกษาธิการ)ℹ️

The government ministry involved in the 'Study Anywhere Anytime' project.

Googleℹ️

A technology partner collaborating with TRUE on educational initiatives.

Ministry of Higher Education, Science, Research and Innovation(อว.)ℹ️

A government ministry collaborating with TRUE and Google on the 'AI for All Thais' program.

National Telecom Public Company Limited(NT)ℹ️

A telecommunications company with which TRUE had a network lease agreement.

Ascend Pay Next

A service within the TRUE ecosystem for checking credit limits on the TrueMoney app.

TrueMoneyℹ️

A digital wallet service part of the TRUE ecosystem, mentioned in relation to Ascend Pay Next.

Product

iPhoneℹ️

A product whose sales performance affected TRUE's revenue in the quarter.