Thanks to positive performance in the first quarter, the company’s net loss in the first half was only Bt155.98 million against the net profit of Bt3.69 billion in the same period last year.

In the statement to the Stock Exchange of Thailand, THAI reported that in the first half, it experienced a drop in fuel cost, from Bt40 billion to Bt38.77 billion. It also posted an increase in sale revenue and foreign exchange gain of Bt1.9 billion.

While the first-half revenue rose only slightly from Bt101.9 billion last year to Bt103.1 billion.

Yet, expenses rose sharply from Bt102 billion to Bt108 billion, chiefly due to the new accounting rule on aircraft depreciation cost. Depreciation cost in the first half was Bt3.59 billion, against Bt181 million in the same period last year. Employees’ benefits also rose sharply from Bt14.88 billion to Bt17 billion.

via THAI posts Bt8.42bn loss in Q2 – The Nation.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Bangkok drops 12 places in global cost of living index

Thai cities have fallen in the rankings of the world’s most expensive locations for overseas workers globally, with Bangkok dropping 12 positions to 57th place, and all other Thai cities moving out of the top 125 locations globally.

The Philippines Amends its Foreign Investment Act

The amendments aim to promote and attract foreign investments by allowing, for the first time, international investors to set up and fully own domestic enterprises (including micro and small enterprises in the Philippines.

Thailand’s liveability ranking sinks amidst Covid-19 restrictions and environmental concerns

Thai cities have fallen out of the global top 100 most liveable locations for expatriate workers from East Asia, with Bangkok and Chiang Mai placed at 115th and 118th in the latest Location Ratings survey respectively