Clarification on percentage of change more than 20%
10 สิงหาคม 2555
Operating result
Advanced Info Service Public Company Limited (the Company) would like to submit
the reviewed consolidated and company financial statements for 2Q12. In
addition, the Company would like to clarify the reasons of a difference in net
profit, which increased by more than 20% from last year as follows;
In 2Q12, net profit was Baht 8,713 million, increased 43% year on year (y-o-y)
from Baht 6,116 million in 2Q11. For the first 6-month period of 2012, net
profit was Baht 17,639 million, an increase of 42% y-o-y from Baht 12,385
million in the same period of 2011. The key growth drivers were the increase of
service and sale revenues as well as the lower amortization, finance costs and
income tax expense. In addition, there is no goodwill impairment in 2Q12,
comparing to Baht 386 million goodwill impairment in 2Q11.
Total revenue grew 11% y-o-y to Baht 34,488 million in 2Q12 from Baht 31,110
million in 2Q11 due to growth in both service and sale revenues. The growth was
driven by higher voice usage together with strong demand for mobile data
connectivity along with increased use of smart devices and social networking
platforms.
Network amortization decreased 14% y-o-y from Bath 4,314 million in 2Q11 to Baht
3,699 million in 2Q12, resulted in lower cost of service. Selling and
administrative expenses increased 12% y-o-y to Baht 2,940 million due to higher
marketing expense and staff cost.
Lower finance costs and income tax expense was another key factor that drives
net profit to grow more than 20%. Finance costs was Baht 292 million and
decreased 34% y-o-y from Baht 444 million in 2Q11 due to debt repayment in 2011.
Income tax expense in 2Q12 declined 5.5% to Baht 2,604 million from Baht 2,755
million in 2Q11, following government's tax reduction policy. Additionally, the
Company also recorded Baht 386 million of goodwill impairment in 2Q11 while
there is no more of this impairment this quarter.
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