TRUE Records THB1.6 Billion of Net Loss from Rising Costs after the Merger

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


TRUE reported a net loss of THB 1,598 million in the third quarter of 2023. The decrease was mainly due to higher network costs at THB4,235 million, increased 42% when compared to the same period of last year.

As of 3Q23, TRUE achieved gross synergies of THB 6.6 billion, with integration cost of THB 2.2 billion, resulting in net synergies of THB 4.4 billion.

At the end of 3Q23, mobile subscribers increased by 0.3 million to 51.4 million, registering a growth of 0.5% from 2Q23. Prepaid ARPU improved by 1.3% QoQ to THB 104 per month. Meanwhile, blended ARPU remained flat QoQ at THB 200 per month.