INTUCH Reports 25% Profit Growth in 2023, Paying THB1.47 Dividend

Intouch Holdings Public Company Limited (SET: INTUCH) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2023 2022
Net Profit (Loss)
Million Baht
13,138.58 10,533.09
Earning Per Share
4.1000 3.2800
% Change 24.74

INTUCH reported a net profit of 13,139 million baht in 2023, representing a 24.74% growth when compared to the previous year. The increase was mainly due to a higher contribution from ITV, integrated into other businesses. This was because of the reversal of the provision for unpaid operating agreement fees and interest after the SAC’s judgement. Together, the contribution from AIS increased from a rise in service revenue and tight marketing expense control with a gain from the sale of investment in Rabbit LINE Pay. Also, AIS had foreign exchange gains, while losses occurred in the last year. In 2023, INTUCH had no operational results from THAICOM after INTOUCH disposed of all stakes in the company at the end of 2022. 

The Board of Directors meeting on 7 February 2024 passed a resolution to pay a dividend of 3.17 baht per share from 2023 operating results, which was paid at 1.47 baht per share as an interim. Thus, the remaining is 1.70 baht per share. The dividend will be paid on 19 April 2024 with an ex-dividend date on 20 February 2024.