SET-listed mobile carrier Total Access Communication (DTAC) reported 13.9 billion baht in third-quarter service revenue, excluding interconnection charges (IC), down 2.1% quarterly and 2.8% year-on-year, weighed down by the impact of the pandemic.
The country’s third largest mobile operator by subscriber base booked a net profit of 832 million baht in the third quarter, a sharp decline from 1.4 billion in the same quarter a year before and 1.5 billion in the second quarter.
In DTAC’s executive summary of its third-quarter operating result sent to the Stock Exchange of Thailand, the company indicated the re-emergence of Covid-19 since the end of the second quarter still carried weight to the third quarter with a drop in consumer purchasing power and closure of its shops.
“The third quarter has been particularly challenging due to reduced economic activity following…
