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New True chief vows to pay firm's 1st dividend in 25 years

Bangkok Post

|

May 14, 2025

The newly appointed group chief executive of True Corporation has outlined his mission for the first 100 days, writing a new chapter for the telecom company by continuing its profitability, driving operations of trusted services, and strengthening data centre development.

- KOMSAN TORTERMVASANA

New True chief vows to pay firm's 1st dividend in 25 years

Sigve Brekke vowed True would pay a dividend in 2025 for the first time in more than 25 years as the company has retired all accumulated losses.

He also stressed the need to increase True's revenue.

The company reported net profit after tax of 1.6 billion baht for the first quarter of 2025, marking a milestone turnaround within two years of its amalgamation with Total Access Communication (dtac). Excluding the impact from one-off items, the normalised profit for the first quarter was 4.3 billion baht.

Earnings before interest, taxes, depreciation and amortisation have continued to improve since the merger, driven by a reduction in operational expenses from performance focus and financial discipline, along with ongoing benefits from synergies.

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Agricultural economy to grow despite headwinds

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Thai forces press on at Hill 350

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Interest rate cut and slower inflation offer Britons a break

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Injury-hit Arsenal face pressure, Toffees

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Beijing not taking sides in border row

China has reiterated that its longstanding defence cooperation, including arms sales to both Cambodia and Thailand, fully complies with international law and bears no relation to the countries' ongoing border clashes.

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Juve host Roma knowing loss could end title dreams

Juventus have another chance to drag themselves back into the Serie A title discussion today when rivals Roma come to Turin with the other main contenders in Riyadh for the Italian Super Cup.

time to read

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