INTUCH Reports Slight Decrease in 2Q Earnings, Offering THB1.76 Dividend

Intouch Holdings Public Company Limited (SET: INTUCH) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
2,635.79 2,812.97
Earning Per Share
0.8200 0.8800
% Change -6.30
6 Months 2022 2021
Net Profit (Loss)
Million Baht
5,188.04 5,473.58
Earning Per Share (Baht) 1.6200 1.7100
% Change -5.22

INTUCH reported a net profit of 2,636 million baht in 2Q22, decreased 6.30% from a net profit of 2,812 million baht. The decrease was mainly due to 1) lower contribution from AIS due to the increase of network OPEX following the costs of electricity and content. In addition, the net foreign exchange loss increased, however, the increase in core revenue partially offset this and 2) higher contribution from THAICOM due to the change in cost structure after the operating agreement expired, resulting in the satellite depreciation and operating agreement fees dropping. In addition, the net foreign exchange gain was higher than 2Q21, although the share of loss from joint ventures rose.

INTUCH’s Board of Directors approved an interim dividend payout of THB1.76 per share to be paid on 8 September 2022 with an ex-dividend date on 24 August 2022.