You are here

Thailand's AIS Q2 net profit rises 16%, tops forecasts

nabmSERVICEPCL3815.jpg
Advanced Info Service PCL (AIS) , Thailand's largest mobile operator, said its second-quarter net profit rose 16 per cent due to higher service revenues and lower regulatory costs.

[BANGKOK] Advanced Info Service PCL (AIS) , Thailand's largest mobile operator, said its second-quarter net profit rose 16 per cent due to higher service revenues and lower regulatory costs.

Net profit was 9.85 billion baht (S$387 million) for the April-June quarter, it said on Monday, higher than the 9.26 billion baht average forecast in a Reuters poll of 12 analysts. This compared with 8.48 billion baht a year earlier.

AIS, 23 per cent owned by Singapore Telecommunications Ltd , now aims for service revenue growth of 3 per cent this year, versus an earlier forecast of 3-4 per cent, it said in a statement. It has reduced its investment budget to 36 billion baht from 40 billion baht, it added.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes