INTUCH Reports Flat Profit Growth in 2022, Offering THB1.56 Dividend Payout

Intouch Holdings Public Company Limited (SET: INTUCH) has announced its 2022 yearly consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
10,533.09 10,748.22
Earning Per Share
3.2800 3.3500
% Change -2.00

INTUCH reported a net profit of 10,533 million baht in 2022, decreased 2% from a net profit of 10,748 million baht in 2021. The company stated that lower contribution from AIS due to the increase of network OPEX, following the electricity costs and the marketing expenses, but the increase in core revenue partially offset this. 

The company had lower net loss from INTOUCH because of the operational expenses after the Company restructuring at the end of 2021. Meanwhile, INTUCH had higher contribution from discontinued operations (THAICOM) due to INTOUCH’s gain on the sale of investment in THAICOM that was included in discontinued operations. However, this was partially offset by the decrease in operating profit due to the recognition of the impairment loss of the satellite in 2022. 

Operational results of INTOUCH for 2022 had a share of the net results of 10,516 million baht, which decreased from the previous year, mainly due to the contribution from AIS. The 2022 operational expenses, which included directors and management benefits, were 173 million baht, a decrease from the previous year due to the company restructuring at the end of 2021.

In addition, INTUCH announced that the Board of Directors approved a dividend payout of THB 1.56 per share on 21 April 2022. The ex-dividend date is 23 February 2022.