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 Thursday, March 06, 2008

Thai full-service telco True Corp returned to profit in 2007 after two consecutive annual losses, helped by a foreign exchange gain and interconnection revenues. Consolidated net income of THB1.7 billion (USD53 million) turned around a THB4 billion loss a year earlier, and easily beat a consensus analyst forecast of THB798 million from a Reuters poll. Group revenues rose 19.7% to THB60.5 billion in the year, boosted by the launch of a new interconnection regime between private operators.

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Source: TeleGeography.