CS LoxInfo reports net profit for 2009 of Baht 287 million or Baht 0.49 per share
Bangkok, Thailand – 18 February 2010 – CS LoxInfo reported a consolidated net profit for 2009 of Baht 287 million or equivalent to Baht 0.49 per share, an increase of Baht 63 million or 28% over a normal net profit in 2008, which amounted to Baht 224 million. This was due to the growth of the Voice Info Services and Mobile Content business, which resulted from an increase in its customers due to an efficient marketing plan.
Moreover, CS LoxInfo reported a net profit from the Separated Financial Statement for 2009 of Baht 242 million or Baht 0.42 per share. During 2009, CS Loxinfo paid 2009 interim Baht 0.14 per share. After making those payments, CS Loxinfo had remaining retained earnings of Baht 161 million or Baht 0.28 per share. At the CSL Board of Directors’ meeting held on 17 February 2010, the Board of Directors passed a resolution to recommend to the Shareholders’ Annual General Meeting, for the payment of dividends for the year 2009 of Baht 0.27 per share. The proposed dividend must be approved by the shareholders at their meeting which will be held on 7 April 2010.
For Q4/2009, CS Loxinfo reports consolidated revenue of Baht 667 million, increased slightly from Q3/2009, amounting to Baht 651 million. Moreover, CS Loxinfo reported Q4/2009 consolidated net profit of Baht 71 million (Q3/2009 = 79 MB). The contributions came from internet business amounting to Baht 19 million, the Thailand YellowPages amounting to Baht 23 million, Voice Info Services and Mobile Content of Baht 27 million, and the Print Classified Business of Baht 2 million.
For the Internet business direction in 2010, CS Loxinfo still focused on sales in the corporate customer sector by providing an internet service via leased circuit (Leased Line Services), parallel with, emphasis on cost management to improve gross margin by cooperating with the alliances to invest in local and international network together with the self-investment, and develop existing services to be modern and match with customers’ needs; from normal connection to Managed Service, Managed IDC and Cloud Computing.
For the Thailand YellowPages Business, CS Loxinfo will emphasis on creating a new revenue stream line from consumers, vertical books specified by usage and area of services and promotes new YellowPages Online Services through internet and mobile phone.
For Voice Services & Mobile Content Services, CS Loxinfo has set its objective to increase new services to serve users' need. Furthermore, Shinee will enlist more new business alliances from both content aggregators and sale representative in order to reach the right target more effectively.
For more information, please contact the
Public Relations Department
Tel: 0 2263-8000 ext. 1424, 2025
E-mail: ir@csloxinfo.net
