True Corporation Continues Profit Streak, Announces 4.1 Billion Baht Dividend

True Corporation has maintained its profit momentum for the fourth consecutive quarter, announcing a dividend of 4.1 billion baht. On February 19, 2024, the company reported a net profit of 4 billion baht after tax, with a normalized profit of 6.1 billion baht. The company's EBITDA reached 27.8 billion baht, reflecting the full-quarter benefits of frequency license acquisition. True Corporation's board proposed an annual dividend of 4.1 billion baht, bringing the total annual dividend to 10.7 billion baht, representing a 116% dividend payout ratio. Sigve Brekke, Group CEO, emphasized the company's strong financial performance, highlighting customer satisfaction, quality user base growth, and the modernized One Network infrastructure. He also announced an AI First Program to drive innovation and operational efficiency. The company's mobile subscriber base increased by 578,000 to 47.5 million, with 17.1 million 5G users. Home internet subscribers grew by 1.0% to 3.3 million. Nakul Sehgal, Joint CFO, confirmed the company's commitment to sustainable shareholder returns, noting a net profit of 9.2 billion baht for the entire year 2023 despite challenging macroeconomic conditions.