ADVANC reveals a profit of 29,086 million baht in 2023, a 12% increase from 2022, with strong performance in each business, with a dividend of 4.61 baht/share, and an investment budget of 26,000 million baht to improve service quality. In every dimension.
Mr. Somchai Lertsuthiwong CEO of Advanced Info Service Public Company Limited or ADVANC (AIS) said the company's 2023 operating results from the Stock Exchange of Thailand (SET) had a net profit of 29,086 million baht, up 12% from last year. The year is 65 and profit before interest, taxes and depreciation (EBITDA) equaled 93,371 million baht from strong operating results across all businesses. Working together process capacity development with an automated network system (autonomous network) and intelligent IT systems that enhance the user experience.
With total revenue of 188,873 million baht in 2023, benefiting from the start of revenue recognition, Triple Three Broadband Public Company Limited or 3BB came to strengthen the home internet business.
The Board of Directors resolved to pay dividends on 17 April 2024 and to pay dividends in cash for the period 1 July to 31 December 2023 amounting to 4.61 baht, XD 19 February 2024.
“Although 2023 is another year, we will have to face fluctuations in the global economy, resulting in the overall expansion of the Thai economy not reaching the target. We continue to build a quality network. Both mobile phones and broadband to improve the quality of life of Thai people. Including industry, it will drive the digital economy as a whole. Building an ECOSystEM economy with leading partners from multiple sectors to drive reflective as well as sustainable shared growth that will ultimately benefit Thailand,” said Mr. Somchai.
Operating results broken down by business group are as follows:
The mobile phone business has a total of 44.6 million mobile phone customers. We continue to focus on delivering the best user experience to customers based on the potential of the 5G network, which today has service coverage close to 90% of the population. The total number of service users has exceeded 9.2 million
The high-speed Internet business is poised to provide coverage and access to both AIS FIBER3 and 3BB FIBER3 to more than 13.3 million households across the country. By providing home Internet innovations and solutions that meet every need of every home, every store, every business and delightful experiences and service standards, AIS today makes 3BB FIBER3 a customer base of more than 4.7 million households.
Corporate Customer Service Business can efficiently respond to the needs of the business sector through network services Digital solutions, cloud and data center services are ready to connect to every job Corporate customers especially like in the country's key industries Manufacturing Industry Group Transportation and Logistics Business Group Real Estate Development and Retail Business in the country's economic development It is the main industry of the country that plays a major role.
Continue to collaborate with partners that are strong in terms of ecosystem economics to create sustainable growth together as a digital service business. Joining hands with world-class entertainment content partners like Netflix, HBO and most recently Prime, whether it's digital services to meet all kinds of lifestyle needs, from AIS insurance services to digital insurance services. Or a game site like Game On, a game service center that caters to all the needs of gamers.
“This year we continue to improve service levels in every business group. Continue to expand the communication network and home internet network to cover all areas used by Thai people. This will lead to creation of new opportunities to create competitive advantage and achieve sustainable development of the country in every dimension,” Mr Somzai concluded.
In 2024, the company expects core services revenue to grow at a rate of 13-15% by recognizing revenue from the acquisition of TTTBB and maintaining the growth trend of normal operations. EBITDA will grow approximately 14-16%. The policy is to pay dividends not less than 70% of net profit on profits.
The investment budget is between 25,000 and 26,000 million baht to maintain the quality appropriately. In summary, AIS estimates that the investment budget is 60% for mobile phone business, 28% for home internet business, and corporate customer service business and others.
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