Dtac reports Bt1.4bn quarterly profit

[webfact]

Dtac reports Bt1.4bn quarterly profit

By The Nation

 

 

In Q1 2019, Dtac said it continued rolling out and optimising the network after massive rollout activities in Q4 2018.

 

Dtac launched the “Never Stop Caring” campaign to increase the number of users on the 2,300MHz network, for improved mobile internet.

 

At the end of Q1 2019, the total subscriber base stood at 20.7 million, and the number of 2300MHz base stations reached 15,400, an addition of 2,700 base stations during the quarter, the firm said. Approximately 7.8 million subscribers, or 76 per cent of 4G subscriber base, were on the 2300MHz network. Overall network coverage stood at 94 per cent of the total population, Dtac said. 

 

Net profit for Q1 2019 amounted to Bt1.4 billion, increasing 7 per cent YoY despite a decline in service revenues, and reflected the first full quarter of the new cost structure after the end of the concession, including lower depreciation and amortization expenses, the firm said. However, operating cash flow (EBITDA – CAPEX) for the quarter returned to positive at Bt1.7 billion notwithstanding the ongoing expansion of the network. Moreover, the financial position remained solid, with net debt to EBITDA ratio of 1.3x and cash on hand of Bt12.8 billion.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30368388

 

-- © Copyright The Nation 2019-04-26

[newatthis]

S44 helps the profits, too.????

[Srikcir]

17 hours ago, webfact said:

Dtac reports Bt1.4bn quarterly profit

A positive factor for Dtac is potentially higher dividend yield after accepting the NBTC’s deal ( https://www.krungsrisecurities.com/images.aspx?filename=http://www.krungsrisecurities.com/uploads/2019/04/research_en_US_8411_1_ICT Sector_190426_U.pdf ) of extending loans to telecom operators as a new financial option to encourage the operators to bid for new spectrum licenses later this year.    http://www.nationmultimedia.com/detail/Economy/30363529

Of course NBTC's loans are financed by the Thai taxpayer who will probably be paying telecom higher fees for the telecom's higher yields.