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Thursday, May 2, 2024

Bangkok Post – True executives promise profit, banking on synergy

Visitors gather around True Corporation’s booth at Thailand Mobile Expo 2023. (Photo: Varuth Hirunyatheb)

True Corporation vows to post a net profit this year despite a net loss of 15.6 billion baht last year.

The net loss was attributed to a one-time cost in the fourth quarter as well as an impairment of redundant assets related to network modernisation, according to the company.

Chief executive Manat Manavutiveth said the company is poised for growth and profitability in 2024, aided by macroeconomic factors such as growing domestic and international tourism, increased data usage, and the trend of digital…

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