REPORTS PROFIT GROWTH IN 1996

28 February 1997
Avanced Info Service Plc (ADVANC) reports audited annual financial statements as follows. Ending December 31, For year 1996 1995 ADVANC Net profit (loss) 3,563,284 2,994,340 EPS (baht) 15.23 12.80 ADVANC said its 1996's profit grew by Bt596 million or 19% as compared to the earlier year because the number of its subscribers increased from 663,000 persons as at December 31, 1995 to 820,000 persons as at December 31, 1996. The increased number of subscribers has a direct positive effect on the company's increased incomes.