Dtac profit tumbles, prepares for declines in 2021 - Mobile World Live 01 FEB 2021
Thailand-based dtac prepared for continued declines in profitability and revenue in 2021 after booking a sharp drop in net profit in Q4 2020 due to one-off expenses, but highlighted it delivered improved operational efficiency by controlling costs.
Net profit plunged 64.7 per cent year-on-year to THB281 million ($9.4 million), attributed to one-off costs including THB550 million in network equipment write-offs. Excluding exception items, it said profit was relatively flat, primarily due to reductions in network opex and general administrative costs.
Service revenue fell 10.3 per cent to THB14.4 billion and handset sales dipped 2.6 per cent to THB2.66 billion.