CH. Karnchang Public Company Limited (SET: CK) has announced its 1Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q24 | 1Q23 |
| Net Profit (Loss) Million Baht |
121.00 | 217.46 |
| Earning Per Share (Baht) |
0.0700 | 0.1300 |
| % Change | -44.36 | |
CK reported a net profit of Baht 121 million, an decrease of Baht 96 million or 44.36% as compared to the same period of the previous year. The decrease was mainly due to the decrease by share of profit from investments in associated companies and other revenues.
Meanwhile, revenues from construction contracts of Baht 9,458 million, representing 97.84% of total revenues, an increase of Baht 32 million or 0.34% as compared to the same period of the previous year.
In 1Q2024, the Company and its subsidiaries had share of profit from investments in associated companies of Baht 165 million, an decrease by Baht 35 million or 17.36% from the same period of the last year. This mainly came from CK Power Public Company Limited recognise in Share of Profit from Investments in XPCL driven by lower electricity sales volume and higher finance cost following the rising global interest rates, while Bangkok Expressway and Metro Public Company Limited up by share of profit due to the growth was attributable to an increase in revenues across all three businesses, including toll revenue, farebox and O&M revenues, and commercial development revenue.
