Advanced Info Service Public Company Limited (ADVANC) has announced its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;
ADVANC reported a net profit in 2019 at 31,189 million baht, increased 5.08% when compared to a net profit of 29,682 million baht in 2018. The increase was mainly due to ADVANC’s higher revenue.
In 2019, total revenue was Bt183,432 million, increasing 8.0% YoY, continued its เพนไรืเ trend with improvement in core service revenue. The mobile business still be the biggest contribution among core service revenue followed by double-digit growth in the fixed broadband business. Enterprise services and solutions, recorded in other revenue, also growing in number of partners and its subscribers led to double-digit growth at the end of 2019.
At the end of 2019, total mobile subscribers grew to 42 million, increasing 2.1% YoY. Postpaid segment continued to grow strongly, adding 918k, driven by promotional handset discounts and prepaid-to-postpaid migration, while prepaid subscribers remained about the same. This has resulted in a larger proportion of postpaid subscribers from 20% of total subscribers in FY18 to 22% in FY19.
Postpaid ARPU gradually improved to Bt572 or +0.1% YoY while prepaid ARPU declined 1.7% YoY to Bt173 as a result of aggressive prepaid price plans putting pressure on ARPU. However, blended APRU improved 2.2% YoY to Bt260 at the end of FY19.
For fixed broadband, AIS Fibre had total subscribers of 1 million, growing 42% YoY or a net addition of 307k. However, amidst pricing competition, ARPU declined 7.2% YoY to Bt533.
For FY20, AIS will focus on maintaining its mobile business leadership with superior network quality, competitive pricing and enhanced retention program. Fixed broadband business is targeted to grow in scale leveraging the subscriber base of the mobile segment.
Enterprise and digital services will continue to drive user base momentum and expand the partnership. The operational and financial target of FY20 is subjected to the result from the spectrum auction that will be held on 16 February 2020. Official financial guidance will be
released after the auction.
In addition, ADVANC’s Board of Directors had approved a resolution to issue a dividend payment at 3.56/share to be paid on April 22, 2020. The ex-dividend date will be on February 19, 2020.