BTS Group Holdings Public Company Limited (SET: BTS) has announced its FY3Q 2023/24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23/24 | 3Q22/23 |
| Net Profit (Loss)
Million Baht |
-4,761.71 | 1,048.56 |
| Earning Per Share
(Baht) |
-0.3600 | 0.0800 |
| % Change | -554.12 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss)
Million Baht |
-5,277.09 | 2,058.63 |
| Earning Per Share (Baht) | -0.4000 | 0.1600 |
| % Change | -356.34 | |
BTS reported revenue of THB 6,872 million, increasing 3.8% or THB 251 million YoY. The growth was attributed to (i) higher revenue from contracting works of THB 217 million due to the acceleration of construction completion of the Pink Line project (ii) an increase in service income and sales of THB 197 million, mainly driven by farebox revenue of the Yellow Line. However, the increase was partially offset by a lower gain on sales and changes in status of investments, which fell by THB 185 million.
Meanwhile, reported net profit attributable to the company was THB 4,762 million, primarily from the impact of the one-time recognition of (i) an impairment loss on investments in KEX, (ii) an impairment loss on Rabbit Holdings’ investment in SINGER(1) and (iii) higher finance costs (+53.2% YoY). However, excluding non-recurring items (which covers aforesaid impairments), the company reported the Adjusted Core Net Profit at THB 144 million and Net Profit Margin (before non-recurring items after NCI) was 2.1%.
Total Reported (consolidated) Revenue of 9M2023/24 stood at THB 19,676 million, an increase of 10.5% or THB 1,862 million YoY. The increase in revenue was due to (i) higher interest income of THB 919 million, (ii) an increase in service income and sales of THB 500 million driven by Digital Services revenue growth under MIX business, the initial recognition of farebox revenue of the Yellow Line coupled with a resilient revenue from O&M contracts under MOVE business and (iii) an increase in revenues from contracting works of THB 453 million from the development of new rail lines.
BTS Group Board of Directors’ meeting approved not to pay an interim dividend for the performance period from 1 April 2023 to 30 September 2023.
