Advanced Info Service Public Company Limited (SET: ADVANC) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
6,305 | 7,041 |
| Earning Per Share (Baht) |
2.12 | 2.37 |
| % Change | -10 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
12,616 | 13,685 |
| Earning Per Share (Baht) | 4.24 | 4.60 |
| % Change | -7.8 | |
ADVANC reported a net profit of THB6,305 million in 2Q22, was flat QoQ but dropped -10% YoY from FX loss and high base of 2Q21 with one-time other income.
EBITDA was at THB22,353 million, decreasing -2.8% YoY following the increase of cost and marketing expense, however, EBITDA was flat QoQ. EBITDA margin was at 49%, compared to 54% in 2Q21, from a higher mix of handset sales revenue.
ADVANC generated total revenue of THB45,273 million, increasing 5.9% YoY due to growth in broadband and enterprise business with a recovery in handset sales from a low base in 2021 amid pandemic restriction. For
QoQ, total revenue was flat with a slight increase in core service revenue offset by lower device sales.
In 2Q22, mobile subscriber addition was strong at 881K driven by traveler segment from the border re-opening as well as strong domestic acquisition from rising economic activity. AIS remained the focus on driving 5G adoption reaching 3.9 million subscribers with ARPU uplift of around 10-15%. However, ARPU continued under pressure from low-price unlimited data plans, particularly in the prepaid offerings.
AIS Fibre customers continued surging and closed 2Q22 at 1.97 million subscribers, with a net increase of 106k
subscribers 5.7% QoQ, and an increase of 28% YoY, despite subsiding demand to work from home. The increase was
driven by a low-price entry package and expanding acquisitions in new areas. AIS Fibre continued to focus on service
quality and fixed-mobile-content convergence (FMC) strategy to acquire new subscribers. However, the low-price
offering to acquire new subscribers caused a downward trend in ARPU falling to Bt432 or -3.1% QoQ.
