Bangkok--21 Jul--DTAC
DTAC, Thailand’s second largest mobile operator, reported a net profit of 1.2 billion baht, which is an increase of 11.3% compared to Q2 2005. Service revenues were 11.3 billion baht up 8.2% higher than in Q2 2005. EBITDA* remained stable QoQ at 4.4 billion baht, which represented an increase of 6.1% YoY.
DTAC obtained 799,162 new customers in the second quarter bringing the total number of customers to 10.6 million, an 29% increase YoY. Of the total net additions, 621,128 were prepaid- and 178,034 were postpaid customers. DTAC has reported positive net additions on its postpaid base for the last 38 consecutive months despite economic slowdown and tough competition. The company also saw continued growth in value-added-service revenues which increased 11% QoQ and 42% YoY. Overall ARPU** declined by 14% YoY due to tough price competition, changes in pricing concepts and a decline in economic factors.
Chief Executive Officer Sigve Brekke said in spite of lower ARPU, DTAC had successfully maintained stable EBITDA with strong underlying growth. With penetration rates rising from 51% in Q1 to an estimated 54% in Q2, DTAC remain confident with its previous projection that the market will grow by around 5-6 million new customers this year, targeting to take at least 30% of the new growth. DTAC already added 1.9 million new subscribers during the first half of the year.
“We will continue to stay focused on maintaining our value for money position and revenue market shares. We will also remain committed to delivering quality network, both in terms of coverage and capacity With our value-for-money services and better network coverage, we are confident that we will continue to play an important role in growing the market further,” said Sigve.
* Earnings before interest, tax, depreciation and amortization (EBITDA)
** Average Revenue Per User (ARPU)
For more information please contact
MEDIA RELATIONS UNIT - DTAC
Matchima 01-655-2173 Ponnana 01-623-9895 Suchalee 01-710-9879