Interlink Telecom Public Company Limited (ITEL) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;
ITEL reported a net profit of 57.80 million baht in 2Q20, increased 22.97% compared to a net profit of 47.01 million baht in 2Q19. Meanwhile, its 6-month earnings rose to 97.8 million baht with an increase of 13.93% for the quarter.
The company stated that the increase was mainly due to the recognition of the high-speed internet service in remote area (USO) phase 1 and 2, and service income from data center space.
Moreover, the well-managed cost reduction plan resulted in a lower expenses to record at 389 million baht, dropped by 26.6% compared to the amount of 530 million baht.
The company also stated that it currently holds 4,521.92 million baht worth of backlog, emphasising ITEL’s promising profit in 2020 and long-term sustainable growth.