Mobile and internet performance pays off for True

1 Mar 2005

Thai telco True Corp said yesterday that its revenues and profit margins increased significantly in 2004, thanks to first-time profit making at cellular arm True Mobile (formerly TA Orange) and strong growth in its dial up and broadband internet ventures. Revenues for the year were THB33 billion (USD863 million), up 18% over 2003, while net profit rose to THB605 million from a loss of THB5.67 billion the previous year. True Mobile added 1.6 million new subscribers in the year to bring its total to 3.4 million, whilst combined data and internet operations generated 37% of True Corp’s total revenues, compared to 26% in 2003.

Thailand, True Corp, True Move