BTS Group Holding Public Company Limited (SET: BTS) has announced its 3Q21 and 9M21 consolidated financial statement as follows;
| Quarter | 3Q21 | 3Q20 |
| Net Profit (Loss) Million Baht |
1,054.301 | 1,686.047 |
| Earning Per Share (Baht) | 0.08 | 0.13 |
| % Change | -37.47 | |
| 9-Month | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
3,013.318 | 2,894.279 |
| Earning Per Share (Baht) | 0.23 | 0.22 |
| % Change | 4.11 | |
BTS reported a net profit of THB1,054 million in 3Q21, a decline of 37.5% or THB632 million YoY from the aforestated softened performances and higher finance costs, being partially offset by the positive change in share of profit from investment in associates/ JVs compared to 3Q 2020. The net profit margin in 3Q21 was 11.5% (compared to 14.1% in 3Q20).
Total operating revenue in 3Q21 was THB7,829 million, a decrease of 10.3% or THB903 million YoY. Revenues from the MOVE, MIX and MATCH businesses accounted for 79%, 19% and 2% of total operating revenue, respectively. The decline in operating revenue was predominantly due to lower MOVE revenue of THB1,604 million or 20.6% YoY, chiefly from reduced recognition of services revenue for the provision of E&M works and the train procurement service for the Northern Green Line extension, as we entered the tail-end of development as well as a lower construction revenue for the Pink and Yellow Lines. Nonetheless, the decline in operating revenue was partly offset by higher MIX revenue and increased O&M revenue.
Meanwhile, net profit for the 9-month period stood at THB3,013 million, increasing by 4.1% YoY or THB119 million. The increase was primarily from the turnaround from share of loss to share of profit from investment in U City, which was resulted from lower recognition of U City’s impairment of assets and the record of an unrealised gain from the recognition of the investment in Jaymart by U City in December 2021.
