Advanced Info Service Plc said yesterday that its third-quarter net profit declined 7.7% from a year earlier because of the weak economy. The country’s largest mobile operator told the Stock Exchange of Thailand that its net income fell to 4.18 billion baht, or 1.41 baht a share, from 4.53 billion, or 1.53 baht a share, a year earlier.
The result was better than the median estimate of 3.96 billion baht from 11 analysts surveyed by Bloomberg.
Nine-month consolidated net profit was 12.95 billion baht (4.37 baht a share), down 19% from 15.99 billion (5.40 baht a share) in the same period last year.
AIS said its third-quarter revenue fell 9% year-on-year to 24.9 billion baht. It had cut its revenue outlook for the year in August because of higher oil prices and political uncertainty.
The company added 380,000 net new subscribers in the third quarter, down from 809,000 a year earlier but up from 320,000 in the previous quarter.
At the end of September, AIS had 28.3 million subscribers and second-ranked DTAC had 19.3 million.
More : AIS profit dips 7.7% but mobile leader beats forecasts.