AOT reveals Q3/FY64 has a loss of 4,078.47 million baht, an increase of 39.01% after the Covid-19 still drags down the number of flights and passengers. While expenses and finance costs increased, the 9-month period had a loss of 11,164.53 million baht, a decrease of 238.72%.
Airports of Thailand Public Company Limited (AOT) reported results for the third quarter of 2021 (ending June 21) with a net loss of 4,078.47 million baht, an increase of 39.01% from the same period last year with a net loss of 2,933.9 million baht.
with total revenue increased by 1,897.51 million baht, an increase of 9.07% from an increase in both aviation revenues of 290.22 million baht or 137.09% and non-airline revenues of 56.83 million baht or 5.13% due to the number of Increased overall flight and passenger numbers while other income decreased by 189.29 million baht or 45.04%
Total expenses 6,152.99 million baht, an increase of 845.48 million baht or 15.93% due to an increase in employee benefit expenses. Depreciation and Amortization and loss on exchange rate while the compensation for utilizing the royal property Repair and maintenance costs and other expenses are reduced
The cost of finance was 740 million baht, an increase of 378.61%% due to an increase in interest expenses on the lease liabilities. and increased income tax 123.25 million baht consistent with the decline in operating results.
As for the 9-month period of the fiscal year 64 (Oct. 63-June 21), there was a net loss of 11,164.53 million baht, a decrease of 238.72% from the same period last year with a net profit of 8,048.45 million baht, with a total revenue of 6,363.69 million. baht, a decrease of 79.59% from a decrease in both aviation revenues of 13,995.72 million baht or 87.69% and non-airline revenues of 9,710.13 million baht or 72.65% due to a decrease in the number of flights and the number of passengers.
Total expenses were 18,096.88 million baht, a decrease of 12.28%, mainly due to a decrease in compensation for utilizing government property, external wages. other expenses and repair and maintenance costs while depreciation and amortization and the cost of employee benefits increased Financial costs were at 2,231.43 million baht, an increase of 347.75% due to an increase in interest expense on lease liabilities.
During the nine-month period of fiscal year 64 ending June 30, 64, the air traffic volume of all 6 airports of AOT. There were 217,579 flights, a decrease of 50.42% compared to the same period of the year. before Divided into 48,716 international flights and 168,863 domestic flights.
The total number of passengers was 19.02 million, a decrease of 70.81% compared to the same period last year. Divided into 0.65 million international passengers and 18.37 million domestic passengers.
The company had retained earnings of 89,810.74 million baht, a decrease of 25,071.73 million baht or 21.82% due to the adoption of financial reporting standards. Financial Instruments and Financial Reporting Standard No. 16 on Lease Agreement by adjusting and reducing retained earnings of 11,193.09 million baht, together with operating loss during the period of 11,164.54 million baht, including dividend payment of 2,714.11 million baht.
The Company had cash and cash equivalents remaining as of June 30, 21, amounting to 4,663.04 million baht, a decrease from September 30, 2020, amounting to 1,165.04 million baht.
AOT has a lower profitability ratio. Due to the epidemic situation of Covid-19 since the beginning of 63 and currently still has the severity of the mutation of the virus. affect the aviation industry and the Thai tourism industry In addition, there were measures to help operators at 6 airports during the aforementioned situation. Able to maintain a debt to equity ratio of less than 1 time and a liquidity ratio of more than 2 times
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