Post by account_disabled on Jan 2, 2024 0:48:57 GMT -6
Thaicom Public Company Limited ("THCOM"), Thai satellite service provider Reporting results for the second quarter of 2019 as of June 30, 2019, the company reported a decrease in net profit compared to the previous quarter and when compared to the same period last year. Due to the recognition of special expenses incurred in this quarter. The Company's revenue from sales and services in the 2nd quarter of 2019 totaled 1,217 million baht, a decrease of 18.6% compared to the 2nd quarter of 2018 and a decrease of 6.6% compared to the 1st quarter of 2019 due to the provision of Customer service has decreased. Along with reducing prices for large customers, the company had a net loss in the second quarter of 2019 in the amount of 135 million baht, which resulted from the recognition of special expenses totaling 137 million baht, including losses from exchange rates.
Exchange Accounting expenses from increasing employee compensation Buy Bulk SMS Service according to the Labor Protection Act (No. 7) B.E. 2019 and amortizing deferred tax assets. If excluding such special items The company will have a profit from normal operations in the second quarter of 2019 at the level of 2 million baht for the customer service rate compared to the satellite service capacity at the end of the second quarter of 2019, the general satellite service rate. which consists of Thaicom 5, 6, 7 and 8 satellites is at the level of 53%, which is similar to the end of the first quarter of 2019. And for the broadband satellite or Thaicom 4 satellite, the service utilization rate is at the level of 24%, down from 31. % at the end of 1st quarter 2019 Mr. Anant Kaewruamwong, Chief Executive Officer of Thaicom PCL., said, “The company places importance on controlling expenses effectively in order to correspond with the decrease in income.
Investing in new satellites The company is currently studying the feasibility. It may use a license from abroad. Along with requesting a license from Thai government agencies. The company is confident that it will be able to use its long experience in marketing and providing services in the satellite business to develop further to create maximum cooperation and efficiency between the public and private sectors and bring benefits to the country. in the future. In addition, the company has also expanded its business to businesses related to the satellite business. In order to reduce reliance on revenue from satellites alone, the company currently operates a communications service network on ships named "Nava". Currently, there are 104 ships using the service and those waiting to install the system." of the Lao Telecommunications Company Limited (LTC) group company.
Exchange Accounting expenses from increasing employee compensation Buy Bulk SMS Service according to the Labor Protection Act (No. 7) B.E. 2019 and amortizing deferred tax assets. If excluding such special items The company will have a profit from normal operations in the second quarter of 2019 at the level of 2 million baht for the customer service rate compared to the satellite service capacity at the end of the second quarter of 2019, the general satellite service rate. which consists of Thaicom 5, 6, 7 and 8 satellites is at the level of 53%, which is similar to the end of the first quarter of 2019. And for the broadband satellite or Thaicom 4 satellite, the service utilization rate is at the level of 24%, down from 31. % at the end of 1st quarter 2019 Mr. Anant Kaewruamwong, Chief Executive Officer of Thaicom PCL., said, “The company places importance on controlling expenses effectively in order to correspond with the decrease in income.
Investing in new satellites The company is currently studying the feasibility. It may use a license from abroad. Along with requesting a license from Thai government agencies. The company is confident that it will be able to use its long experience in marketing and providing services in the satellite business to develop further to create maximum cooperation and efficiency between the public and private sectors and bring benefits to the country. in the future. In addition, the company has also expanded its business to businesses related to the satellite business. In order to reduce reliance on revenue from satellites alone, the company currently operates a communications service network on ships named "Nava". Currently, there are 104 ships using the service and those waiting to install the system." of the Lao Telecommunications Company Limited (LTC) group company.