INTUCH Reports a Net Profit of ฿2.98Bn in 2Q, Offering a Dividend at ฿1.15! Intouch Holdings Public Company Limited (INTUCH) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows; In 2Q20, INTUCH reported a net profit of 2,980 million baht, increased 1.35% from a net profit of 2,940 million baht in 2Q19. The increase was mainly due to a higher contribution from the satellite & international business, as a result of the share of compensation included in other income totaling 621 million baht (after a prepaid expense was written off). In addition, the contribution from the local wireless telecommunication business rose QoQ due to a foreign exchange gain, compared to a loss in 1Q20. However, the contribution was lower than 2Q19due to a drop in revenue and a rise in depreciation & amortization, although this was partially offset by a decrease in network OPEX and the cost of the TOT partnership, even though SG&A declined.
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