BA Books Nearly THB2,000 Million of Net Profit in 3Q23 from Recovery in Airline Business

Bangkok Airways Public Company Limited (SET: BA) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q23 3Q22
Net Profit (Loss)
Million Baht
1,910.99 -392.87
Earning Per Share
(Baht)
0.910 -0.190
% Change 586.42
9 Months 2023 2022
Net Profit (Loss)
Million Baht
3,455.80 -2,260.36
Earning Per Share
(Baht)
1.65 -1.08
% Change 252.89

BA reported a net profit of 1,910 million baht in 3Q23, representing a recovery from a net loss of 392 million baht in 3Q22. The significant increment was from the airline business’ passenger revenue growth. The company had profit before income tax revenue and net profit for the period of 1,086.5 million baht and 1,910.4 million baht, respectively.

In addition, BA announced a dividend payment of THB0.50 per share to be paid on December 12, 2023. The ex-dividend date is November 24, 2023.