ADVANC profit in 2022 slightly decreased by 3.4% to 26,011 million baht from additional costs. Dividend payment of 4.24 baht per share, XD on 22 Feb and paid on 19 Apr.
Advanced Info Service Public Company Limited or ADVANC, AIS mobile phone service provider 2022 earnings report Net profit was 26,011 million baht, a decrease of 3.4% due to increased operating costs. The Board of Directors approved a dividend of 4.24 baht per share, the date for determining the names of persons who are entitled to receive the dividend (Record date) on 23 Feb. 2023 and the date of non-dividend (XD) on 22 Feb. 2023 and the dividend payment date on 19 Apr 2023
The ADVANC board approved the acquisition of 3BB – JASIF, preparing for permission from the NBTC.
Advance joins forces with Gulf and SingTel Hard penetration of data center business
in 2022 service cost at 87,076 million baht, an increase of 2.2% compared to the previous year Affected by rising utility prices And the higher cost of cloud services corresponds to the increase in cloud service sales for enterprise customers this year.
Selling and administrative expenses at 22,353 million baht, an increase of 3% compared to the previous year This is due to higher marketing expenses in line with economic activities that continue to recover. offset by efforts in cost management Including improving efficiency and effectiveness in every aspect, resulting in a decrease in administrative expenses.
net profitReportedly at 26,011 million baht, down 3.4% year-on-year due to operational cost challenges. This is despite the impact of better exchange rates and lower financing costs.
In 2022, the number of mobile phone subscribers was 46 million, representing an increase of 1.9 million subscribers or a 4.3% increase compared to the previous year. There are 859,000 more prepaid subscribers and 1 million more postpaid subscribers compared to the end of 2021, although the impact of the COVID-19 epidemic is less.
But from the worsening macroeconomic situation Increased inflation numbers Including rising energy prices that affect the cost of living. and the impact of prolonged price competition from lower consumer purchasing power in the price-sensitive group, resulting in a decline in average ARPU of 4.6% compared to the previous year. Compared to the previous quarter, the average ARPU rose 0.8% due to the seasonal increase in inbound and outbound tourists. This increase is also a result of AIS’ efforts to increase profitable revenue in certain customer segments, with the number of AIS Fiber customers continuing to maintain a positive trend and the number of Subscribers stood at 2.2 million at the end of 2022, with a 400,000 increase in subscriber numbers, a 22% year-on-year increase.
This increase is due to the expansion of service coverage to more suburban areas with easily accessible package prices along with good connection experience and service quality. Including efforts to retain existing customers to reduce the cancellation rate less service
However, price competition has continued to intensify throughout the year from offering low-cost packages to all service providers to retain existing customers and acquire new customers, resulting in a 8.2% drop in ARPU year-on-year. before and decreased by 2.5% compared to the previous quarter.
ADVANCE stock price closed today (February 9) plus 4 baht or 2.05% at 199.50 baht, trading value 2,314.73 million baht.