Total Access Communication Public Company Limited reported consolidated earnings results for the fourth quarter and fiscal year ended December 31, 2016. For the quarter on consolidated basis, the company reported total revenues of THB 21,465 million compared to THB 23,249 million a year ago. EBIT was THB 356 million compared to THB 1,653 million a year ago. EBITDA was THB 6,757 million compared to THB 6,740 million a year ago. Net profit attributable to equity holder was THB 30 million compared to THB 998 million a year ago. Net profit decreased 97%, year over year mainly due to the higher depreciation and amortization and handset subsidy.

For the year on consolidated basis, the company reported revenue from telephone services of THB 69,252,450,291 against THB 71,858,443,385 a year ago. Total revenues from sales and services were THB 82,477,605,160 against THB 87,752,756,209 a year ago, revenues decreased 6% year over year due to lower service revenues and handset sales. Profit before finance cost and income tax expenses was THB 4,158,232,258 against THB 8,829,069,298 a year ago. Profit before income tax expenses was THB 2,591,584,885 against THB 7,444,755,186 a year ago. Profit attributable to equity holders of the company was THB 2,085,830,096 or THB 0.88 per share against THB 5,893,114,098 or THB 2.49 per share a year ago, net profit decreased 65% year over year largely due to higher depreciation and amortization and restructuring cost, partly offset by the stable EBITDA. Net cash flows from operating activities were THB 26,625,865,788 against THB 24,775,843,464 a year ago. Acquisition of plant and equipment was THB 11,401,376,435 against THB 12,303,829,446 a year ago. Increase in other intangible assets was THB 689,358,384 against THB 1,051,509,660 a year ago. Return on equity was 8% compared to 20% a year ago. Return on asset was 2% compared to 5% a year ago. Capex was THB 20,310 million.

For the year on company basis, the company reported revenue from telephone services of THB 18,031,917,452 against THB 25,085,126,695 a year ago. Total revenues from sales and services were THB 48,781,358,413 against THB 56,087,279,329 a year ago. Loss before finance cost and income tax expenses was THB 1,155,832,886 against profit before finance cost and income tax expenses of THB 9,040,638,353 a year ago. Loss before income tax expenses was THB 2,222,972,565 against profit before income tax expenses of THB 7,994,792,530 a year ago. Loss attributable to equity holders of the company was THB 1,052,415,883 or THB 0.44 per share against profit of THB 7,254,808,399 or THB 3.06 per share a year ago. Net cash flows from operating activities were THB 15,396,557,009 against THB 11,212,467,355 a year ago. Acquisition of plant and equipment was THB 1,714,004,958 against THB 1,807,608,902 a year ago. Increase in other intangible assets was THB 92,618,009 against THB 203,575,356 a year ago.

For the fiscal year 2017, the company expects EBITDA to be at least the same amount as in fiscal year of 2016, supported by financial discipline and operation efficiency initiatives. The company estimates capex will be between THB 17-20 billion. The company plans to spend capex in a range of THB 17-20 billion in fiscal year 2017 to densify the network and enhance customer Internet experience.