Thaicom posts 32% YOY profit hike


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Rebecca Hawkes

| 12 February 2016




Asian satellite operator Thaicom has posted consolidated net profit of THB2,122 million (US$60 million) in 2015 up 32.5% on the year before, on the back of successful capacity bookings for Thaicom 7.



The Thai company also reported a separate net profit of THB794 million, down 22% from 2014 due to exchange rate fluctuations and impairment loss on investment in an Australian subsidiary.

Thaicom earned THB12,453 million from sale of goods and rendering of services – a 4.7% increase on 2014 – due to continued growth in its satellite business, the company said in a statement.

“Our broadcast business saw significant growth, with improved signal and more channels. Currently, the number of Thaicom’s satellite TV channels increased from 702 to 792, with 126 HD channels. Thaicom 7 is now 100% booked and there is already more demand for Thaicom 8, which yet again demonstrates the growth in HD,” said Paiboon Panuwattanawong, CEO, Thaicom.

“From here on out, Thaicom will focus on growing both its satellite and end-to-end services for customers in Thailand as well as abroad. We are moving forward with Thaicom 8, which is slated to launch in the first half of this year, while looking into the feasibility of Thaicom 9 as well as other future satellites,” he added.

Thaicom’s supplementary communications businesses include Cambodian DTV Network (CDN), which it said made gains for increased sales of satellite receiver sets in 2015.