THCOM Reports 77% Rise in 1Q23 Net Profit as Sales Increase

Thaicom Public Company Limited (SET: THCOM) has announced its 1Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q23 1Q22
Net Profit (Loss)
Million Baht
89.57 50.60
Earning Per Share
0.1100 0.1300
% Change 77.02



THCOM net profit for Q1/2023 has been reported at THB 90 million which is an increase by 77.0% compared to that of Q1/2022 (YoY) of THB 51 million. This was due to increased sales and service revenue, as well as increased financial income from recognizing interest income from the repayment of trade receivables.


Sales and service revenue in Q1/2023 amounted to THB 735 million, increased from Baht 691 million or  6.5% compared to Q1/2022 (YoY). In effect, this quarters’ sales and service revenue was driven by higher conventional satellite service revenue as well as the income from ground station management fees and other consulting fees.