Total Access Communication (DTAC), Thailand's second-largest mobile network operator, posted a second-quarter net profit of 3 billion baht, up by 3.8% year-on-year, thanks to the continuing popularity of smartphones and social network apps.
Chief executive Jon Eddy Abdullah said revenue during the quarter increased by 13.5% year-on-year to 24.5 billion baht.
"Revenue growth in the second quarter was due largely to the continued popularity of smartphones, continued increases in postpaid subscribers and the growth of online social apps," he said.
For the first half of this year, the company posted a net profit of 5.97 billion baht, a marginal rise of 2.4% from 5.83 billion baht in the same period last year.
Earnings before income tax, depreciation and amortisation (EBITDA) was 7.5 billion baht, an increase of 12.7% from the same period last year.
However, the EBITDA margin dropped slightly to 30.4%, in line with the higher contribution of the company's low-margin handset business.
In the second quarter, DTAC increased its minimum investment level for 2013 to 14.5 billion baht from 12.5 billion to support the introduction of third-generation operations on the 2.1-gigahertz spectrum by year-end.
Smartphone penetration was 22.9% in the quarter, driven mainly by lower prices of the devices.
Shares of DTAC closed Friday on the Stock Exchange of Thailand at 118 baht, unchanged, in trade worth 331 million baht.