ITEL Records 8% Growth in 2023 Earnings, Boosts by Lower Costs of Service

Interlink Telecom Public Company Limited (SET: ITEL) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)

Million Baht

272.11 251.67
Earning Per Share


0.2000 0.1900
% Change 8.12


ITEL reported a net profit of Baht 272.11 million, increasing by Baht 20.44 million or 8.12% compared to the same period of prior year. Meanwhile, the company had total revenue of Baht 2,759.94 million, while the company solely had total revenue of Baht 2,388.42 million, decreasing by Baht 543.85 million or 18.55% compared to the same period of prior year.

ITEL had gross profit of Baht 723.49 million and Baht 586.68 million which was at 26.66% and 25.12%, respectively. The gross profit margin was increased by comparing to the same period of prior year of Baht 635.42 million and Baht 532.92 million which was at 18.73% and 18.46%, respectively.

Despite lower revenue in 2023, the company recorded lower costs of service for the year by nearly 28% as cost for network installation dropped from Baht 1,670 million to Baht 796 million.

In addition, ITEL announced a dividend payment of THB 0.0696 per share to be paid on 23 May 2024. The ex-dividend date is 7 May 2024.