THAICOM
Announces
2009
Results
22
February
2010
THAICOM
Public
Company
Limited
reported
its
revenues
from
sale
of
goods
and
rendering
of
services
for
2009
ended
December
31st
was
Baht
7.19
billion,
an
increase
of
Baht
175
million
compared
to
2008.
Revenues
from
IPSTAR
bandwidth
service,
telephone
businesses,
and
Internet
and
media
businesses,
grew
29.7%,
11.4%,
and
6.4%,
respectively.
Revenues
from
the
transponder
leasing
service
and
related
services
of
Thaicom
1A,
2
and
5
satellites
was
reported
to
be
Baht
2.34
billion;
an
increase
of
Baht
32
million
or
1.6%
from
total
of
Baht
2.30
billion
in
2008.
This
growth
was
mainly
due
to
the
continued
demand
for
satellite
television.
Revenues
from
IPSTAR
satellite
bandwidth
increased
Baht
271
million
or
29.7%
due
to
the
growth
of
services
in
Australia,
Indonesia,
New Zealand,
China, Cambodia, and Malaysia. In
addition,
the
Company’s
strategy
was
to
place
more
emphasis
on
the
IPSTAR
bandwidth
service
rather
than
User
Terminal
sales.
Revenues
from
telephone
businesses
in Cambodia (Mfone Co., Ltd.) and
Laos (Lao Telecommunications Co.,
Ltd.)
were
Baht
2.147
billion;
or
an
increase
of
Baht
220
million
from
2008.
As
of
the
end
of
2009,
the
total
number
of
mobile
subscribers
for
both
markets
reached
2,217,094,
or
an
increase
of
17.6%
from
the
previous
year.
Revenues
from
Internet
access
and
media
businesses
were
Baht
535
million.
At
the
end
of
2009,
total
sales
of
DTV
dish
sets
in Thailand, Cambodia, and Laos were 592,886
units,
an
increase
of
246,274
units
from
2008.
Lao
Telecommunications
Co.,
Ltd.
announced
to
pay
a
dividend
of
US$
30
million
for
its
2009
performance.
In
addition,
CS
LOXINFO
Plc.
also
announced
to
pay
a
dividend
for
2009
of
Baht
0.41
per
share,
in
which
CSL
has
already
paid
an
interim
dividend
of
0.14
per
share
to
its
shareholders.
According
to
THAICOM’s
consolidated
financial
statements,
the
Company
reported
its
earnings
before
interest,
tax,
depreciation
and
amortization
(EBITDA)
of
Baht
2.66
billion,
an
increase
of
9.6%
from
Baht
2.43
billion
in
2008.
This
resulted
from
the
revenue
growth
and
the
efficiency
in
manage
its
selling,
general
and
administrative
expenses.
The
Company
recorded
a
profit
gained
from
the
exchange
rate
of
Baht
465
million
with
a
net
loss
of
Baht
471
million,
a
decrease
when
compared
to
net
loss
of
Baht
713
billion
in
2008.
In
2009,
there
was
Baht
385
million
in
amortization
of
finance
costs
from
early
repayment
of
foreign
loans
which
is
non-cash
item
and
did
not
affect
the
Company’s
cash
flow.
THAICOM’s
Debt-to-Equity
Ratio
was
0.56,
a
decrease
from
0.58
as
of
the
end
of
2008.
The
Company’s
net
cash
inflow
from
operating
activities
for
2009
was
Baht
2.08
billion,
an
increase
of
Baht
323
million
or
18.4%
from
2008.
As
of
December
31st,
2009,
THAICOM
reported
an
ending
cash
of
Baht
798
million.
