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.
Supaporn Burapakusolsri, a senior executive vice-president, said AoT recorded 437 million baht in foreign exchange gains compared with 814 million in losses reported in the same quarter last year.
AoT witnessed a surge in air traffic volume through the six airports it operates including Suvarnabhumi, with aircraft movement and passenger throughput rising by 16.6% and 18.5%, respectively, although cargo movements fell by 112% in the period.
For the nine months to June, AoT posted a net profit of 11.1 billion baht, up by 124%, with earnings per share at 7.77 baht, up from 3.47 baht in the same period last year.
Combined revenue for the period was 27.3 billion baht, up by 20.9%.
Shares of AOT closed unchanged yesterday on the SET at 182 baht, in trade worth 790 million baht.
About the author
- Writer: Boonsong Kositchotethana
Position: Deputy Editor Business