INTUCH Reports Slight Decrease in 3Q22 Earnings after Lowering Contributions from AIS and Thaicom

Intouch Holdings Public Company Limited (SET: INTUCH) reported its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
2,463.61 2,662.36
Earning Per Share
0.7700 0.8300
% Change -7.47
9 Months 2022 2021
Net Profit (Loss)
Million Baht
7,651.64 8,135.94
Earning Per Share (Baht) 2.3900 2.5400
% Change -5.95

INTUCH reported a net profit of 2,463 million baht in 3Q22, decreased 7.47% from a net profit of 2,662 million baht. The decrease was mainly due to lower contributions from AIS with an increase of network OPEX following the electricity costs, while the marketing expenses rose YoY. Meanwhile, lower contribution from THAICOM was a result from an impairment loss of satellite recognized in 3Q22, although 3Q21 had included satellite depreciation and operating agreement fees.