INTUCH Earns THB2,690 Million in 1Q23, Up 5% YoY from Higher Contribution from AIS

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

Quarter 1Q23 1Q22
Net Profit (Loss)
Million Baht
2,690 2,552
Earning Per Share
0.84 0.80
% Change 5

In 1Q23, INTUCH achieved a net profit of THB2,690 million, an increase of 5% from the same period last year. The company stated that an increase in net profit was mainly due to higher contribution from Advanced Info Service Pcl. (SET: ADVANC) or AIS, meanwhile recorded higher net loss because of the staff costs and dividend payment registration expenses. 

INTUCH also saw lower contribution from other businesses, which included business relative to human-resource development & management and businesses under the venture capital project (InVent), as in 1Q23, it had an unrealized loss from fair value measurement of investments under the venture capital project, while in 1Q22, there was a net realized gain. 

No contribution from discontinued operations (THAICOM) in 1Q23 due to the disposal of all investment in THAICOM at the end of 2022 

Operational results of INTOUCH for 1Q23 had a share of the net results of THB2,733 million, which increased from 1Q22, mainly due to the contribution from AIS. 1Q23 operational expenses, including directors and management benefits, were THB47 million, an increase from last year due to staff costs and dividend payment registration expenses.