Thailand’s first satellite operator, announced financial results for the full-year ended December 31, 2018.

 

The Company’s consolidated revenue from sales of goods and rendering of services for 2018 was Baht 6,008 million, a decrease of 10.2% from Baht 6,689 million for 2017—mainly due to the worldwide industry downtrend and price decline, as well as the churn of customers during 2017.

 

The Company reported a consolidated net profit of Baht 230 million, taking into account impairment, and improving on last year’s net loss of Baht 2,650 million due to the recognition of gain from sales of shares of CS Loxinfo Public Company Limited (CSL), a decrease in depreciation and amortization after the recognition of satellite assets impairment in 2017, and an improved cost management.