Thai AIS Q3 net profit down 7.7 pct, beats forecasts - News

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Thai AIS Q3 net profit down 7.7 pct, beats forecasts

By: AFX | 06 Nov 2009 | 01:09 AM ET

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BANGKOK, Nov 6 (Reuters) - Thailand's top mobile phone operator, Advanced Info Service PCL (AIS), reported a 7.7 percent fall in quarterly earnings on Friday as a weak economy hit revenue and mobile use. AIS, 21.4 percent owned by Singapore Telecommunications Ltd , posted a July-September net profit of 4.18 billion baht ($125 million), or 1.41 baht per share, down from 4.53 billion baht a year earlier and 4.19 billion in the previous quarter. But the result beat the average forecast of 3.9 billion baht in a Reuters survey of 12 analysts. AIS, Thailand's fifth-biggest listed company with a market value of $7.5 billion, has about 50 percent of the domestic mobile phone market, ahead of Total Access Communication's roughly 30 percent share. AIS stock rose 4 percent in the July-September quarter, underperforming a 20 percent gain in the main Thai index. ($1=33.41 Baht) (Reporting by Khettiya Jittapong; Editing by Alan Raybould) ((Khettiya.jittapong@thomsonreuters.com; +662 648 9728; Reuters Messaging:khettiya.jittapong.reuters.com@reuters.net)) * Reuters 3000 Xtra clients can now view daily data on how reported Asian company earnings compare with analysts' forecasts, as measured by Reuters Estimates. Double click on ($1=33.38 Baht) Keywords: AIS/RESULTS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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