Bangkok Expressway and Metro Public Company Limited (SET: BEM) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q23 | 2Q22 |
| Net Profit (Loss) Million Baht |
900.72 | 634.05 |
| Earning Per Share (Baht) |
0.0600 | 0.0400 |
| % Change | 42.06 | |
| 6 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
1,649.84 | 970.21 |
| Earning Per Share (Baht) | 0.1100 | 0.0600 |
| % Change | 70.05 | |
BEM reported a net profit of Baht 901 Million, representing an increase from the same quarter of the previous year by Baht 267 Million or 42 percent, due to an increase in revenue following the economic recovery.
The Expressway business revenue was at Baht 2,131 Million, representing an increase from the same quarter of the previous year by Baht 189 Million or 10 percent, due to an increase in the traffic volume of all expressway sectors. The average traffic volume for this quarter was at 1.10 Million trips per day, representing an increase from the same quarter of the previous year by 7 percent.
Rail business revenue was at Baht 1,499 Million, representing an increase from the same quarter of the previous year by Baht 386 Million or 35 percent. Farebox revenue from the MRT Blue Line project increased by Baht 302 Million or 52 percent due to the continuous increase in the number of passengers, resulting from the official reopening of the country and the recovery of the travel sector. The average ridership for this quarter was at 351,600 trips per day and the average working day ridership was at 413,900 trips per day, representing an increase from the 2nd quarter of the year 2022 by 52 percent and 50 percent, respectively. The revenue from O&M services of the Purple Line project increased by Baht 84 Million or 16 percent as stated in the agreement.
