Intouch Holdings Pcl. (SET: INTUCH) announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
2,552,242 |
2,660,610 |
| Earning Per Share (Baht) |
0.80 |
0.83 |
| % Change | -4% | |
The company posted a net profit of 2,552 million baht, 4% dropped from the same period last year mainly due to- a lower contribution from AIS mainly due to an increase in depreciation & amortization after the acquisition of 700MHz in April 2021, but this was partially offset by the decline in net foreign exchange loss and a lower contribution from THAICOM mainly due to higher loss contributed from the investment in joint ventures and a net foreign exchange loss, while in 1Q21, it was gain.
INTOUCH’s net loss dropped 65% from 1Q21, mainly due to expenses related to the Company restructuring at the end of 2021.
The share of the net results from AIS Group in 1Q22 decreased to 2,566 million baht, mainly due to higher depreciation & amortization after the acquisition of frequency spectrums (700MHZ) in April 2021. However, this was partially offset by the decrease in net foreign exchange loss.
THAICOM’s net results in 1Q22 showed a gain of 51 million baht, a drop from 1Q21, mainly due to higher share of loss of investments in joint ventures and having net foreign exchange loss, while there was a gain in 1Q21.
Other businesses include a human-resource development business, a home shopping business (INTOUCH Group sold of all its investment in High Shopping in September 2021) and businesses under the Venture Capital project (“InVent”) – which contributed 5 million baht to the company.
