AIS disclosed its operating performance for the first nine months of 2023, recording a total revenues of Bt 137,555mn, growing 0.6%YoY and net profit of Bt 22,084 mn, growing 18% YoY showcasing a robust growth across all business segments, and with 5G subscribers at 8.5 Million or54% YoY growth. AIS Fibre continued its growth with excellent result, clocking the subscribers over 2.38 million households. Enterprise business driving robust growth of 14% from delivering innovative ICT, Cloud and Data Center solutions matching enterprises and SMEs’ needs. AISmaintains theintention to invest to strengthen the network infrastructure with annual planned CAPEX of Bt 27 – 30 bn to elevate digital experiences for Thais and achieve the vision of Cognitive Tech-Co.
Somchai Lertsutiwong, CEO of Advanced Info Services Plc. (AIS) remarked “We are adapting in the midst of a difficult local economy which has a slower than expected growth and being affected by fluctuated global economy created by geopolitical tensions and softened China economy impacting lower than expected Chinese tourist arrival to Thailand. Throughout the previous nine months, we have consistently evolved our strategies for success. It is our priorities to develop digital infrastructure and intelligent network to provide real-time, personalized services to thecustomers. Because of this, AIS has grown satisfactory across all business areas comparing to the previous year.”
For the 3rd quarter of 2023, AIS recorded a total revenue of Bt 46,069mn, declined 0.4% YoY, but growing 2.9% QoQ. The net profit achieved Bt8,146 mn, a robust growth at 35% YoY, and 13% QoQ. EBITDA was at Bt 23,674 mn, growing 7.2% YoY. The first nine months provided an excellent result with a total revenue of Bt 137,555 mn, growing 0.6% YoY, and a net profit of Bt 22,084 mn, growing 18% YoY. The operating results by business segment are as follows:
