Italian-Thai Development Public Company Limited (SET: ITD) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
-1,768.08 | 114.58 |
| Earning Per Share (Baht) |
-0.3349 | 0.0217 |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
-1,645.68 | 423.80 |
| Earning Per Share (Baht) | -0.3117 | 0.0803 |
ITD reported a net loss of 1,768 million baht in 2Q24, a sharp plummet from a net profit of 114 million baht in the same period of last year.
Revenue for the quarter was 19 billion baht, representing an increase by 11% from the same period of last year. Meanwhile, total cost rose to 17.6 billion baht, increased 8.5% from last year.
However, expenses rose significantly, reaching 1.58 billion baht in the second quarter of 2024, a 94% rise from last year. This was mainly due to a reversal of loss on impairment, mainly from large industrial construction works.
Meanwhile, the company also recorded a loss from exchange rate at the amount of 85 million baht.
