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.
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.
Thai Government Launches “Factory Sandbox” Scheme to Protect 3 Million Jobs
The plan will focus on plants which employ at least 500 people and will build confidence among both Thai and foreign investors at a time when supply chains in rival countries are shutting down.
BANGKOK (NNT) – Thailand’s government has launched a pilot “Factory Sandbox” program to test, vaccinate and isolate factory workers, with the aim of limiting COVID-related disruptions to Thailand’s important export-driven manufacturing sector.(more…)
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