AIS marked leadership in digital life services and posted 4% of revenue growth in 3Q17

Stocks and Financial Services Press Releases Friday November 3, 2017 14:00
Bangkok--3 Nov--AIS

AIS recorded its 3Q17 financial results with Bt7,469mn net profit and 4% growth in total revenue, supported by growing data usage of 5.9GB/month and expanding AIS Fibre subscriptions to 481,500. For 9M17, total revenue grew 5.1%, aligning with the full year guidance while net profit was Bt22,377mn.

Mr. Somchai Lertsutiwong, Chief Executive Officer of Advanced Info Service PLC or AIS explained "As the leading digital life service provider, AIS continued to deliver the superior quality of network and exceptional customer service to enhance customers' lifestyle in digital era. In 3Q17, AIS recorded 4% YoY growth in total revenue, underpinned by both mobile data and fixed-broadband businesses.

On mobile business, the demand for video streaming on smartphone continued to grow, resulting in the data usage of 5.9GB/month. In addition, we have recently launched the "Next G" network for the first time in Thailand and South East Asia. The technology combines 4G network and Super WiFi to provide a high speed data up to 1Gbps, which allows the best network experience on streaming. In 3Q17, 4G penetration rose to 42% of the total 40.2mn mobile subscribers. For fixed broadband business, AIS Fibre subscribers expanded to 481,500. During the quarter, we introduced a full bundled package "AIS Fibre Power 4", combining all three core services (mobile, fixed broadband, and digital services), which allows customers to enjoy a wide range of premium contents both on the go via AIS Play and at home via AIS Playbox. This will not only enhance customer experience but also create differentiation. We reiterated our aim to become one of the major players in the fixed broadband market within the next three years.

Overall, in 3Q17, EBITDA increased 15% YoY to Bt17,589mn supported by decent revenue growth and cost efficiency, particularly the handset campaigns targeting on postpaid segment. As a result, net profit increased 14% YoY to Bt7,469mn.

AIS is committed to utilize our expertise and deliver the digital services that support the quality of our customers and Thais' lives following the "Digital For Thais" and "Thailand 4.0" policy to support sustainable growth of the country"– said Mr. Somchai.

Latest Press Release

Poland-Based Debt Purchaser GetBack S.A. Outlook Revised To #B/B# Ratings Affirmed

MOSCOW (S&P Global Ratings) Feb. 19, 2018--S&P Global Ratings said today that it has revised its outlook on Poland-based distressed-debt purchaser GetBack S.A. to positive from stable. At the same time, we affirmed our 'B' long-term and 'B'...

Trade/Project Financier, Bachmann Welser To Launch USD 2 billion Project Finance Fund

Global Trade/Project Financier, Bachmann & Welser will launch a USD 2 billion Project finance fund in March 2018 with funds that will be backed by several private and institutional investors. (Logo:...

Photo Release: SCB and Thaioil toast first long-term financing for project investment and development in Vietnam

To constantly help clients expand to overseas markets, Siam Commercial Bank (SCB) is supporting Top Solvent (Vietnam) Liability Co., Ltd., a company under Thaioil Group, with a long-term loan of 310,791 million VND for project investment and development...

Photo Release: Maybank Kim Eng signs MOU with Stamford International University

Mr. Sukit Udomsirikul, Managing Director and Head of Research Department, Maybank Kim Eng Securities (Thailand) Public Company Limited and Dr. Andrew Scown, President of Stamford International University signed a Memorandum of Understanding (MOU) which...

KTC PROUD members rejoice!! Register today for 1 billing cycle interest and usage fee exemption.

"KTC" or Krungthai Card Public Company Limited, organizes the "2-get-1" campaign, providing value-oriented Thais with special privileges for their necessities, and to lighten the familial load in various forms, in order to prepare for every financial...

Related Topics