True Corporation reports first quarter operating results for 2014 with total revenue of 51,347 million baht. Revenue remains steady compared to the same quarter in the previous year, excluding network connection revenue at 41,268 million baht, representing a 6.2% increase. The company incurred a total loss of 769 million baht mainly due to one-time expenses of 1,571 million baht, particularly related to asset impairment for modernizing infrastructure.
The total mobile phone service users reached 51.057 million, with an average revenue per user (ARPU) of 204 baht per month. The internet business serves 3.702 million users, while the television service has 1.339 million subscribers.
True group projects overall revenue growth of 3-4% and EBITDA growth of 9-11% for the year 2014, with an estimated investment of around 30,000 million baht.
Source: True (pdf)
TLDR: True Corporation’s first quarter performance in 2014 shows steady revenue, an increase in mobile users, and a projected growth in revenue and EBITDA for the year.
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