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Intouch Holdings Plc. (INTUCH) clarified that the total net profit of the Intouch Group for the third quarter of 2020 and for the period of nine months of this year. Intouch Group posted total net profit of 2,660 million baht and 8,382 million baht, respectively, a decrease from the previous quarter. And it decreased compared to the previous year. This was mainly due to a decrease in the participation in the profits of the national wireless telecommunications business. It was mainly due to the decrease in revenue. Increases in depreciation and amortization And have a net exchange loss With the reduction of costs and management expenses.
While the profit sharing of the satellite business AND the overseas business increased over the previous year. But it decreased compared to the last quarter. Mainly because compensation income was recognized in the second quarter of 2020. Other income totaling 621 million baht (net with amortization of advances)
INTOUCH net profit (loss) this quarter The operating result was the net profit from the recognition of the profit on the fair value measurement of the investments and There was a total profit from the sale of venture capital investments of 75 million baht for INTOUCH expenses this quarter, close to the previous quarter. But it increased from the same quarter last year. This was due in large part to increased personnel costs. And the expenses related to the 2020 Ordinary General Meeting of Shareholders, which was postponed in July 2020, and compared to the nine-month period of 2019, INTOUCH’s expenses decreased. As in 2019, past service costs for employee benefits were further recognized in the Labor Protection Act.
The share of earnings from investments in the AIS group decreased 7% and 24% from 2Q20 and 3Q20, respectively, and a 14% drop from the nine-month period of 2019. From sales and service This was This was mainly due to the decrease in mobile business services revenues. Due to continued economic impact Price competition puts pressure on ARPUs, especially for unlimited data packages, despite price increases for unlimited data packages. In addition, the revenue loss of the net tourist group and the high-speed Internet business continued to increase thanks to the strong growth of the customer base. And the work-from-home flow makes up for the lower ARPU in the low-cost package offering to satisfy lower-end customers.
