AIS' 2Q net profit drops by a third, sales down 11%

14 Aug 2009

Thailand’s biggest mobile operator by users, Advanced Info Service (AIS), has reported a 33.6% year-on-year drop in second quarter 2009 net income to THB4.2 billion (USD124 million), blaming a weak economy and a downturn in tourism. The bottom line result was down from THB6.3 billion in April-June 2008 and THB4.6 billion in January-March 2009, whilst 2Q09 revenues fell by 11% to THB25.2 billion from THB28.34 billion a year earlier. The SingTel-backed GSM provider also reported that slowing demand had prompted it to revise its capital expenditure for 2009 down to THB11 billion from an earlier announced budget of between THB13 billion and THB15 billion, which it said would help it to increase free cash flow by 15% in the year. AIS’ total mobile subscribers grew by 7.5% year-on-year to 27.9 million at the end of June 2009.

Thailand, Advanced Info Service (AIS)