True Corporation has announced its impressive Q2 2024 financial results, with a normalized net profit after tax and after special items of THB 2.4 billion. The company’s EBITDA has continued to grow for six consecutive quarters, reflecting its financial strength and potential for sustainable growth. This outstanding performance is attributed to increased revenue from the mobile and online businesses, coupled with effective cost management that has significantly reduced operating expenses.
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Mr. Manat Manavutiveth, Chief Executive Officer of True Corporation Plc., stated, “Since the merger last year, True Corporation has been committed to continuous growth to achieve our goal of becoming a sustainably growing technology company. We prioritize the use of technology to create maximum customer satisfaction. Our Q2 results are in line with our merger plan, with revenue growing steadily and EBITDA showing growth for the sixth consecutive quarter.”
True Announces Major IT Transformation in Partnership with TCS
In addition to its strong financial performance, True has also announced a major collaboration with Tata Consultancy Services (TCS), a global leader in IT consulting and services, to transform its IT operations. The goal is to accelerate the company’s full digital transformation, enhance the technological skills and knowledge of its workforce, and leverage artificial intelligence (AI) and automation to improve customer service.
Mr. Sharad Mehrotra, Deputy Chief Executive Officer of True Corporation Plc., said, “Network modernization remains our top priority. We are implementing a 360-degree granular-level strategy to enhance customer experience,aiming to double our 5G top speed through a superior network with the widest coverage.”
Sets Target for 2025 to Achieve an Era of Sustainable Profitability
True Corporation remains committed to investing in network development and adopting cutting-edge technologies to provide the best possible customer experience. The company aims to be a leader in sustainable telecommunications and technology, focusing on long-term profitability and value creation. It expects to fully realize the benefits of the merger by 2025 and enter an era of sustainable profitability.
Mr. Manat added, “True Corporation has laid out a roadmap to become a sustainable leader in telecommunications and technology, focusing on creating sustainable profit and value through experience, growth, and synergy realization by 2025. To achieve 2024 profitability, we are confident that this year will be a year of transformation for profitable growth,while 2025 will be a year of sustainable profitability and value creation for our customers, the industry, the market, and the country as a whole.”
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