Airports of Thailand Pcl. (SET: AOT) has reported its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
(3,276,460) |
(3,644,084) |
| Earning Per Share (Baht) |
(0.23) |
(0.26) |
| % Change | 10% | |
AOT incurred net loss of Baht 3,276.46 million during the 1Q22. Operating results increased by Baht 367.62 million compared to the prior year’s corresponding period of which net loss was Baht 3,644.08 million. In addition, revenues from sales or services increased by Baht 1,239.42 million or 69.72% as a result of an increase in aeronautical revenue of Baht 674.74 million or 117.89% and non-aeronautical revenue of Baht 564.68 million or 46.85% because of the rise in the number of flights and passengers. Other income increased by Baht 256.69 million or 94.96%.
Aeronautical revenue for the three-month period ended March 31st, 2022 stood at Baht 1,247.11 million increased by Baht 674.74 million or 117.89% compared to that of the prior year’s corresponding period because departure passenger service charges increased by Baht 505.06 million or 184.54% due to a 76.92% increase in the number of passengers at the six airports. Moreover, landing and parking charges increased by Baht 132.86 million or 54.08% because of a 44.55% increase in the number of flights.
Non-aeronautical revenue for the three-month period ended March 31st, 2022 stood at Baht 1,769.91 million increased by Baht 564.68 million or 46.85% compared to that of the prior year’s corresponding period due to higher service revenues of Baht 313.70 million or 65.39% primarily resulting from ground aviation service revenues. In addition, concession revenues increased by Baht 246.72 million or 68.73% mainly due to a rise in duty-free, commercial trade and ground service maintenance and equipment concession revenues.
Other income for the three-month period ended March 31st, 2022 of Baht 527.00 million increased by Baht 256.69 million or 94.96% compared to that of the prior year’s corresponding period mainly due to an increase in gain on foreign exchange of Baht 246.01 million. This was resulting from the foreign currency translation of long-term loans in Japanese yen. Other income increased by Baht 51.49 million. The main reason was the recognition of fine from security service of AOT Aviation Security Company Limited due to the exemption. While interest income decreased by Baht 47.19 million because of a decrease in fixed deposits.
