TRUE Annual Report 2011

TRUE Corporation PLC (“the Company”, “the Group” or True Group”), one of Thailand’s strongest and most recognizable brands, is the only fully-integrated, nationwide telecom operator proving service to some 24 million subscribers.

When considering the consolidated balance sheets and cash flows, all imply that profit loss. That maybe influent from competitor, economy slow down and impact from 3Gs auction was procrastinated. When consider the earning before interest and tax depreciation and amortization “EBITDA” decreasing from previous years. And the cash flow from operations decrease quite 50 percents.

For the new investigator will invest to equity please concern the risk because EBITDA and any ration that are tools to analyst for the financial and efficiency firms show that decreasing. Whatever the investment have risk should be awareness and concern all the risk before investment.