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.
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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