TOURISM & AVIATION
The third-quarter net profit of Airports of Thailand Plc (AoT) rocketed more than four-fold, driven primarily by robust growth in air traffic and foreign exchange gain.
The state-controlled airport operator posted a net profit of 3.15 billion baht from April-June, up by 349% year-on-year, resulting in earnings per share rising to 2.21 baht from 49 satang in the same period last year.
Revenue surged 16.8% to 8.87 billion baht on 19% growth in aeronautical revenue to 5.39 billion and a 13.6% rise in non-aeronautical receipts to 3.48 billion, AoT said in a filing to the Stock Exchange of Thailand (SET) yesterday.
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