INTUCH Reports 32% Profit Growth in 3Q23 from Surging Distribution of ADVANC

Intouch Holdings Public Company Limited (SET: INTUCH) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q23 3Q22
Net Profit (Loss)
Million Baht
3,263.30 2,463.61
Earning Per Share
1.0200 0.7700
% Change 32.46
9 Months 2023 2022
Net Profit (Loss)
Million Baht
8,835.49 7,651.64
Earning Per Share (Baht) 2.7600 2.3900
% Change 15.47

INTUCH reported a net profit of 3,263 million baht in 3Q23, increased 32.46% from a net profit of 2,463 million baht in 3Q22, the increase was mainly due to a higher contribution from ADVANC.

The share of the net results from AIS Group (ADVANC) rose from last quarter and the same periods last year, mainly due to revenue growth from mobile and fixed-broadband businesses and ongoing efforts to control marketing and administrative expenditures, including gains from the foreign exchange rate and the sale of investment in Rabbit LINE Pay.

The distribution from AIS Group rose 35% YoY to 3,294 million baht in the third quarter of this year, compared to 2,439 million baht in the same quarter last year, while also growing 13% compared to the previous quarter of this year.