INTUCH Books THB3.2 Billion of Net Profit in 1Q24 with Huge Contribution from AIS

Intouch Holdings Public Company Limited (SET: INTUCH) has announced its 1Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 1Q24 1Q23
Net Profit (Loss)
Million Baht
3,261.59 2,690.19
Earning Per Share
1.0200 0.8400
% Change 21.24

INTUCH reported a net profit of 3,262 million baht, marking a 21% increase compared to 1Q23, primarily driven by a greater contribution from AIS. The rise in profit margin stemmed from boosted service and sales revenues, notably from fixed-broadband services following the recognition of TTTBB’s contribution, alongside effective cost and SG&A management. Nonetheless, this was partly offset by increased finance costs resulting from the acquisition of TTTBB and JASIF, in addition to lease liabilities.