True’s losses bigger than expected

27 Feb 2006

Thai telecoms group True Corp reported a net loss of THB4.27 billion (USD109 million) last year, compared with a net profit of THB604.9 million (USD15.4 million) in 2004. Analysts had predicted True’s losses to be around THB1.5billion, but its bottom line was severely affected by a jump in expenses, which soared to THB31.69 billion in 2005 from THB24.13 billion a year earlier, as well as a foreign exchange loss of THB146 million, compared to a gain of THB255.3 million in 2004. True’s 2005 turnover was THB43.91 billion, up by 33% from THB33.01 billion.

Thailand, True Corp,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.