Triple T Broadband revenues up 25% in second quarter

14 Aug 2012

Thai communications group Jasmine International, parent of high speed fixed network operator Triple T Broadband (TTTB), has released its financial results for the three-month period ended 30 June 2012, in which it recorded that TTTB’s quarterly revenues grew by 25.1% year-on-year to THB1.919 billion (USD61.0 million), up from THB1.534 billion in Q2 2011. TTTB’s operating profit (EBIT) also increased, from THB967 million in the second quarter of 2011 to THB1.260 billion twelve months later, as the unit continued to expand coverage of its triple-play fixed internet, TV and voice services. Jasmine’s other telecoms network service operations shrank in 2Q12, both in terms of revenue – THB298 million, down from THB462 million a year earlier – and EBIT, which dropped to THB89 million from THB134 million. Jasmine’s consolidated quarterly group revenues, including areas such as telecoms equipment provision, saw a slight drop of THB4 million year-on-year to THB2.426 billion in April-June 2012 – with TTTB accounting for 79% of sales – while group three-month EBIT grew 18% to THB1.384 billion (91% of which was attributed to TTTB). Profit attributable to equity holders of the parent company was THB472 million in 2Q12, up from THB206 million y-o-y.

Thailand, Jasmine International Group, Triple T Broadband (3BB)