Italian-Thai Development Public Company Limited (SET: ITD) has announced its consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
(1,610) | (1,270) |
| Earning Per Share (Baht) |
(0.3049) | (0.2405) |
| % Change | -26.76 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
(3,213) | (853) |
| Earning Per Share (Baht) | (0.6086) | (0.1617) |
| % Change | -276.50 | |
In 3Q22, ITD reported a net loss of THB 1,610 million, up from a net loss of THB 1,270 million in the same period of previous year. Meanwhile, a net loss for the first nine-month period was THB 3,213 million, an increase of loss THB 2,360 million from the same period of previous year.
The loss grew due to higher construction work costs, which increased by THB 7,045 million from the same period last year to THB 41,663 million in the 9-month period, owing to a rise in construction work income.
Costs of sales and services were THB 5,143 million, an increase of THB 430 million from the same period of previous year according to the increase of cost of services in a mining project.
In the first nine-month of 2022, ITD’s revenues from construction work were THB 43,158 million, an increase of THB 7,212 million from the same period of previous year, mainly from the increase of revenues from subsidiaries and joint ventures and the increase of revenues from large new projects.
