Advanced Info Annual Profit Rises on Higher Sales
Net income rose to 16.4 billion baht ($464 million), or 5.54 baht a share, from 16.3 billion baht, or 5.51 baht, a year earlier, Advanced Info said today. The Bangkok-based company was expected to report 18.1 billion baht profit in 2008, according to the median of 20 analyst estimates compiled by Bloomberg.
Total revenue climbed 2.1 percent to 110.8 billion baht from 108.5 billion a year earlier, Advanced Info said in a regulatory filing. The company didn’t provide customer growth data.
Shin Corp., a Thai investment company partly owned by Singapore’s Temasek Holdings Pte, held a 42.7 percent stake in Advanced Info as of April, according to data compiled by Bloomberg. Singapore Telecommunications Ltd. owned 19.2 percent.
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