Intouch Holdings Public Company (INTUCH) Q2 2024 earnings summary

Executive summary

• Report covers Intouch Holdings and subsidiaries for the three- and six-month periods ended 30 June 2024, reviewed by KPMG with no material misstatements found.

• Principal activities include telecommunications, venture capital, and related businesses, with major holdings in AIS and other subsidiaries.

Financial highlights

• Net profit for Q2 2024 was Baht 3,445.9 million, up from Baht 2,882.7 million in Q2 2023.

• Six-month net profit reached Baht 6,707.1 million, compared to Baht 5,574.3 million year-over-year.

• Basic and diluted EPS for Q2 2024 was Baht 1.07, up from Baht 0.90; for six months, Baht 2.09 vs. Baht 1.74 year-over-year.

• Total assets as of 30 June 2024 were Baht 41,162 million, with equity attributable to owners at Baht 41,074.6 million.

• Dividend of Baht 1.70 per share (total Baht 5,451 million) paid in April 2024 from 2023 results.

Outlook and guidance

• Interim dividends of Baht 2.00 per share (INTOUCH) and Baht 4.87 per share (AIS) approved for payment in September 2024.

• Board approved in principle a special dividend of Baht 4.50 per share (approx. Baht 14,430 million) pending amalgamation with GULF.