AIS prizes provincial profits; previous predictions prevail

11 Nov 2008

Thai mobile market leader Advanced Info Service (AIS) has posted third quarter net profit of THB4.53 billion (USD130 million), up 29% from THB3.51 billion a year earlier, as it signed up a higher number of subscribers in the provinces. AIS’s service revenues in the July-September period rose by 8.3% from a year earlier, fuelled by growth of pre-paid voice revenue and non-voice services, although turnover fell 1.9% from the previous quarter due to seasonal factors and the impact of the floods in the north, said a statement from the company. AIS, part-owned by Singapore’s SingTel, had 26.8 million subscribers at end-September 2008, up 15.4% year-on-year, as it added a net 810,000 new subscribers in the quarter versus 877,000 in 2Q. Its statement continued, ‘Due to strong revenue momentum with 8.6% year-on-year growth in the first nine months of 2008, service revenue guidance for 2008 is maintained at 7%-8% despite the economic slowdown.’

Thailand, Advanced Info Service (AIS)