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

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

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.