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

Mongolian Mining Corp. Rating Raised To #B-# Post Debt Res Outlook Stable

SINGAPORE (S&P Global Ratings) Dec. 12, 2017--S&P Global Ratings today raised its long-term corporate credit rating on Mongolian Mining Corp. to 'B-' from 'D'. The outlook is stable. The upgrade reflects MMC's improved capital structure and...

DFCC Bank Outlook Revised To Stable From Ratings Affirmed At #B/B#

SINGAPORE (S&P Global Ratings) Dec. 12, 2017--S&P Global Ratings today revised its outlook on DFCC Bank to stable from negative. At the same time, we affirmed our 'B' long-term and 'B' short-term issuer credit ratings on DFCC Bank. We also...

China International Capital Corp. Ltd., Hong Kong Subsidiary Outlooks Revised To #BBB/A-2# Ratings Affirmed

HONG KONG (S&P Global Ratings) Dec. 12, 2017-- S&P Global Ratings today revised the outlook on the long-term ratings on China International Capital Corp. Ltd. (CICC) and China International Capital Corp. (Hong Kong) Ltd. (CICCHK) to positive from...

Three Ratings Withdrawn On One Mexican RMBS Transaction Insured By MBIA Insurance Corp.

MEXICO CITY (S&P Global Ratings) Dec. 11, 2017--S&P Global Ratings today withdrew three ratings on Hipotecaria Su Casita - Residential Mortgage-Backed Notes, a cross-border residential mortgage-backed securities transaction originated by...

Photo Release: SEC signs MOU with CFA Institute

SEC Secretary-General Rapee Sucharitakul (seventh from left) and Mr. Nick Pollard (sixth from left), Managing Director of the Chartered Financial Analyst (CFA) Institute Asia Pacific Region, signed a program agreement to provide the SEC an access to the...

Related Topics