Thaicom ups revenues 27%
February 13, 2015
By Chris Forrester
Thai satellite operator Thaicom enjoyed record revenues in the year to December 31st, and up 26.7 per cent on 2013, to a total Thai Baht 10 billion, and generating a normalised net profit of TB 1.83 billion. This is an increase of 62.4 per cent on the previous year (and a cash improvement of TB 704 million).
Thaicom’s profits were boosted by the company’s core satellite businesses, plus telephony and broadband connectivity. Thaicom’s satellite business contributed some 88 per cent to its overall revenues.