AIS achieves outstanding performance in 3Q23 with robust growth in Mobile, Fixed Broadband, and Enterprise Business. The 9M23 revenue recorded Bt 137,555 mn, growing 0.6% YoY Paving the way for Innovative and Intelligent Network as a Cognitive Tech-Co
AIS disclosed its operating performance for the first nine months of 2023, recording a total revenues of Bt 137,555 mn, 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 or 54% 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. AIS maintains the intention 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 the customers. 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 46,069 mn, declined 0.4% YoY, but growing 2.9% QoQ. The net profit achieved Bt 8,146 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:
- Mobile service revenues increased by 0.7% YoY, with 5G subscribers exceeding 8.5 million, representing a remarkable 54% growth YoY. AIS 5G network maintains its No 1 status as the fastest and most reliable network in Thailand according to Ookla®, a global internet speed testing service.
- Fixed broadband demonstrated a strong revenue growth of 19% YoY and consistent expansion of 5.8% QoQ. AIS Fibre's distinctive quality in network infrastructure and enhanced service delivery designed to cater to various lifestyles under the 'Digital Experience for Thais', broadened the broadband subscribers by 52,000 from the previous quarter, giving a total customer base of 2.38 million.
- Enterprise and other business grew 20% YoY and 14% QoQ. AIS's commitment to a robust digital infrastructure for mutual growth while providing digital solutions and services such as ICT, Cloud, and Data Center has successfully connected customers in key industries with solutions including Smart Manufacturing, Smart Property & Retail, and Smart Transportation & Logistics.
Somchai emphasized, " As we are a Cognitive Tech-Co, we continuously invest this year with a budget of Bt 27-30 bn. We aim to enhance our standards for the intelligent network by encouraging sustainable growth in business operations to be a market leader and a role model for the telecom industry to provide the consumers with the greatest possible digital experience. We believe these are crucial parts to enable a robust Thai digital economy.
