Airports of Thailand Public Company Limited (SET: AOT) has announced its consolidated financial statement for 2Q23 ended March 31st, 2023 through the Stock Exchange of Thailand as follows;
| Quarter | 2Q23 | 2Q22 |
| Net Profit (Loss) Million Baht |
1,860.5 | (3,276.5) |
| Earning Per Share (Baht) | 0.13 | (0.23) |
| % Change | N/A | |
| Yearly (6 Months) | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
2,203.3 | (7,548.1) |
| Earning Per Share (Baht) | 0.15 | (0.53) |
| % Change | N/A | |
For the three-month period ended March 31st, 2023, AOT generated net profit of Baht 1,860.53 million. Operating results increased by Baht 5,136.99 million compared to the prior year’s corresponding period of which net loss was Baht 3,276.46 million. Revenues from sales or services increased by Baht 7,983.74 million or 264.62% as a result of an increase in aeronautical revenue of Baht 4,305.03 million or 345.20% and non-aeronautical revenue of Baht 3,678.71 million or 207.85% because of the rise in the total number of flights and passengers. Other income decreased by Baht 432.61 million or 82.09%.
Total expenses increased by Baht 1,302.97 million or 19.43% mainly due to higher employee benefit expenses, outsourcing expenses, utilities expenses and other expenses, while loss on derivatives decreased.
In addition, finance cost decreased by Baht 10.80 million or 1.47%. Income tax expenses increased by Baht 1,181.32 million or 157.73%, which was in line with an increase in operating results.
For the six-month period ended March 31st, 2023, AOT generated net profit of Baht 2,203.30 million. Operating results increased by Baht 9,751.42 million compared to the prior year’s corresponding period of which net loss was Baht 7,548.12 million. Revenues from sales or services increased by Baht 14,480.43 million or 270.95% as a result of an increase in aeronautical revenue of Baht 7,803.61 million or 371.67% and non-aeronautical revenue of Baht 6,676.82 million or 205.77% because of the rise in the total number of flights and passengers. Other income decreased by Baht 950.36 million or 87.59%.
Total expenses increased by Baht 1,381.13 million or 9.70% mainly due to a rise in employee benefit expenses, outsourcing expenses, and utilities expenses, while other expenses and loss on derivatives decreased.
In addition, finance cost decreased by Baht 21.34 million or 1.45%. Income tax expenses increased by Baht 2,387.26 million or 129.79%, which was in line with an increase in operating results.
