- Interlink Telecom (ITEL) reported a 113% increase in Q1 2024 net profit to THB 123 million and a 42% rise in revenue to THB 788 million, driven by strong performance in core businesses and investments.
- The company plans to expand its client base in both public and private sectors in Q2, supported by a backlog of THB 2,471 million.
- Additionally, ITEL’s subsidiary, Blue Solutions (BLUE), has received SEC approval for an IPO, expected to commence trading by Q3 or Q4 2024.
Interlink Telecom Public Company Limited (ITEL), a leading national provider of fibre optic network services, has announced impressive financial results for the first quarter of 2024, ending March 31. The company reported a net profit of THB 123 million, marking a 113% increase from the same period last year, with revenue soaring to THB 788 million, up by 42% year-on-year.
Dr Nuttanai Anuntarumporn, CEO of ITEL, highlighted the strong performance driven by the company’s core businesses, including fibre optic network projects, telecommunications infrastructure installation services, and data centre operations. Additionally, profits were bolstered by Global Lithotripsy Services (GLS), a health technology business in which ITEL has invested. The company plans to expand its client base in both the public and private sectors in Q2, supported by a backlog of THB 2,471 million, with an expected revenue recognition of THB 1,390 million this year.
Furthermore, the Securities and Exchange Commission (SEC) has approved the filing for an initial public offering (IPO) of Blue Solutions Public Company Limited (BLUE), a subsidiary in which ITEL holds a 51% stake. BLUE is anticipated to commence trading on the stock exchange by Q3 or Q4 of this year.
ITEL’s growth strategy involves strengthening our core business, which remains robust and provides a stable revenue base. Moreover, our high-quality services continue to attract more clients, supporting further growth and customer retention. We expect significant momentum from public sector projects in Q2-Q4, alongside ongoing private sector engagements
Dr Nuttanai Anuntarumporn, CEO of ITEL
“Listing BLUE on the stock exchange will benefit ITEL by showcasing our capability to maintain our existing client base and increase revenue through expanding our service scope. BLUE’s proven service quality has earned client trust, ensuring steady and continuous revenue growth for the group. ITEL’s growth strategy involves strengthening our core business, which remains robust and provides a stable revenue base. Moreover, our high-quality services continue to attract more clients, supporting further growth and customer retention. We expect significant momentum from public sector projects in Q2-Q4, alongside ongoing private sector engagements,” said Dr. Nuttanai Anuntarumporn.
The Q1 2024 results and business plans for the year reflect ITEL’s commitment to delivering efficient services and expanding its customer base. The company is confident in achieving its business targets and continuing its growth trajectory.
About Interlink Telecom
Interlink Telecom Public Company Limited (ITEL) is a leading telecommunications service provider in Thailand, renowned for its advanced fibre optic network solutions and comprehensive telecommunications infrastructure services. The company offers a wide range of services, including the design, installation, and maintenance of fibre optic networks, data centre operations, and telecommunications consulting, catering to government agencies, private enterprises, and individual consumers. ITEL’s extensive fibre optic network supports high-speed internet, secure data transmission, and reliable communication services, making it a key player in Thailand’s digital infrastructure. With a commitment to high-quality service, cutting-edge technology, and sustainability, ITEL has shown remarkable growth and financial performance. The company’s forward-looking strategy includes expanding its market presence through strategic partnerships and new business opportunities, exemplified by the upcoming IPO of its subsidiary, Blue Solutions (BLUE). Dedicated to driving digital progress and connectivity, ITEL continues to invest in technology and infrastructure to deliver exceptional value to its customers and maintain its leadership in the telecommunications industry.
