AIS postpaid customers and prepaid users continued to grow in the first quarter of this year. (Bangkok Post file photo)
SET-listed Advanced Info Service (AIS), Thailand’s largest mobile operator by subscribers, posted 7% year-on-year revenue growth to 45.8 billion baht in the first quarter as the mobile business shows signs of recovery.
The company booked a quarterly net profit of 6.6 billion baht, a drop of 1.7% year-on-year, attributed to strong market competition and foreign exchange losses and tax breaks received in the final quarter of last year.
Regarding the mobile business, the company reported first-quarter revenue of 29.3 billion baht, up 1.2% quarterly, supported by strong growth in new subscriptions and government measures to stimulate consumer spending, according to AIS.
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