True reports slight revenue growth in FY08

Monday, March 2nd, 2009
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BANGKOK — True Corporation PLC (SET: TRUE) reported slight growth (0.2%) in revenue for full year 2008 while also reaching break-even point from ongoing operations for the first time with a Bt 62 mn profit versus a loss in 2007.

In addition, True’s online and pay-TV businesses continued to perform well.

TrueVisions’ subscriber numbers grew by 41% to 1.5 million for the full year, driven largely by the success of its mass market strategy. Mass market subscribers more than doubled while the upselling rate reached 30%. Full year service revenue increased 6.4% to Bt 9.4 bn.

TrueVisions – subscribers (‘000):

 4Q07   1Q08   2Q08   3Q08   4Q08    2006   2007   2008
-----  -----  -----  -----  -----   -----  -----  -----
1,039  1,111  1,179  1,312  1,469     624  1,039  1,469

More: Earnings Release