TOT’s 1H revenues down, but net result up on cost-cutting

11 Aug 2009

Thai state-run telco TOT has reported that its operating revenues in the first half of 2009 fell by 4.5% year-on-year to THB13 billion (USD385 million), although its profit after tax increased by 80% to THB3.6 billion, up from THB2 billion in the same period of last year, through savings achieved by a cost cutting programme. TOT says it will increase its focus on broadband internet access and high speed multimedia content to boost its flagging revenues as part of its 2010-13 strategic plan. Broadband contributed THB2.7 billion in first-half sales, representing 20.8% of the total, and a 4.7% increase from last year.

Thailand, TOT