Thaicom Public Company Limited (SET: THCOM) has announced its consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
113.60 | 120.86 |
| Earning Per Share (Baht) |
0.1000 | 0.1100 |
| % Change | -6.01 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
659.77 | 480.73 |
| Earning Per Share (Baht) | 0.6000 | 0.4400 |
| % Change | 37.24 | |
THCOM reported a net profit of Baht 113 million in 3Q23, decreased 6% compared to the same period of last year. The decrease was mainly due to a decline in revenue from sales of goods and rendering of services by 19% YoY. This was primarily attributed to the ramp-down of revenue from broadband services provided by Thaicom 4 satellite in areas that were out of the planned coverage of follow-on satellites.
Meanwhile, the company generated a core profit of Baht 18 million in 3Q23, decreased 86.8% from 3Q22 (YoY) of Baht 133 million following the decrease of revenue, and decreased 70.3% from Q2/2023 (QoQ) of Baht 60 million, due to the realized gain/loss on foreign exchange, both for the Company and its joint ventures.
