Asset World Corp Public Company Limited (SET: AWC) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
1,138.78 | 1,136.01 |
| Earning Per Share (Baht) |
0.0356 | 0.0355 |
| % Change | 0.24 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
3,990.53 | 3,679.78 |
| Earning Per Share (Baht) | 0.1247 | 0.1150 |
| % Change | 8.44 | |
AWC reported a net profit of 1,139 million baht in 3Q24, representing a flat growth when compared to the same period of last year.
The Company’s total revenue in 3Q/2024 was 4,841 million baht, increasing 3.7% YoY, reflecting the implementation of the GROWTH-LED strategy to generate efficient cash flow. This was mainly driven by growth in the Hospitality Business from all segments in line with the increasing number of tourists staying and using various services, with the revenue share of this business sector standing at 58%. Meanwhile, the Retail and Commercial Business continued to show improved performance. Additionally, the Company gained from the fair value of Investment Properties of 1,063 million baht in 3Q/2024.
In 3Q/2024, the operating expenses of the Business Group (BU) totaled 2,305 million baht, an increase of 11.0% YoY and an increase of 5.9% QoQ, which aligns with the revenue trend even though it was still a low season. The flow-through ratio improved in all business units compared to the same period last year.
