Interlink Communication Plc (ILINK), Thailand-based distributor and installer of network and cabling system for telecommunications, has changed the plan to list its subsidiary Interlink Telecom in 2016; instead it has decided to list at the Market for Alternative Investments (MAI) in 2015.
Interlink Telecom was established in 2007, to run the fiber optic network building and operating business in both the domestic and the overseas markets.
ILINK’s managing director Natthanai Anantaramphorn said that the plan to list Interlink Telecom has been changed and now the company is in process of selecting a financial adviser; the listing would be sooner than scheduled. “Initially, we will list it in MAI because the process is less complicated (here). Then, we will push it to grow constantly and enter the Stock Exchange of Thailand as the next step,” he said.
ILINK plans to increase the proportion of its telecommunication revenue from 5% to 10% as the business generates a much higher net profit margin of 40%. It plans to maintain it’s proportion of submarine cable business, which gives 20%-30% of total revenue.
Currently, 65% of its revenue comes from it’s import business. The company plans to cut the revenue proportion for this \by 5%, each year due to the low margin. However, the import business has continuously grown at least 20% per year, in line with the market growth, said the MD
According to him, the revenue will hit the target of 2.4 billion baht ($73.17 million) and gain the net profit of 220 million baht ($6.7 million) this year. In the first nine months, the company recorded the revenue of 1.84 billion baht and the net profit of 137.06 million baht. It has the backlog for the submarine cable installation project of 800 million baht, of which one-fourth should be booked as the revenue in this quarter.
In 2015, the company targets to achieve the revenue of 2.8 billion baht ($85.36 million) and boost the net profit to 250 million baht ($7.62 million) due to the market growth of all its businesses.
Moreover, it will maintain the backlog for submarine cable projects at 800 million baht, to push its revenue to three billion baht ($91.46 million) in 2016.