INTUCH Reports 20% Profit Growth in 2Q24, Offering 2 Baht Dividend

Intouch Holdings Public Company Limited (SET: INTUCH) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q24 2Q23
Net Profit (Loss)
Million Baht
3,445.84 2,881.99
Earning Per Share
(Baht)
1.0700 0.9000
% Change 19.56
6 Months 2024 2023
Net Profit (Loss)
Million Baht
6,707.42 5,572.18
Earning Per Share (Baht) 2.0900 1.7400
% Change 20.37

INTUCH reported a net profit of 3,446 million baht in 2Q24, increased 19.56% YoY. The increase was primarily driven by a greater contribution from AIS due to the recognition of TTTBB’s operating results by consolidating revenues, costs and expenses through the acquisition of TTTBB. In addition, mobile service revenue growth was fueled by rising data demand and higher tourist-related revenue. Nonetheless, this was partly offset by increased costs and expenses.

Apart from the losses incurred from the fair value remeasurement of investments in the InVent project, operational expenses in 2Q24 and 1H24 amounted to 22 million baht and 51 million baht, respectively, declining from the previous quarter and from the same periods last year.

On 30 May 2024, ITV returned a capital reduction of 1.03 baht per share to shareholders, resulting in a payment of 660 million baht to INTOUCH.

Additionally, INTUCH announced a dividend payment of THB2.00 per share to be paid on 5 September 2024. The ex-dividend date is 20 August 2024.