DITTO (Thailand) Public Company limited (SET: DITTO) has announced 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss)
Million Baht |
138.17 | 96.58 |
| Earning Per Share
(Baht) |
0.1991 | 0.1462 |
| % Change | 43.07 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
368.14 | 269.97 |
| Earning Per Share (Baht) | 0.5354 | 0.4192 |
| % Change | 36.36 | |
DITTO reported a net profit in 3Q24 of Baht 138.17 million, a THB 41.59 or, 43.07% increase compared to the same period previous year. This growth was mainly due to the revenues of the technology engineering project for the Construction of the New Zoo Phase 1, Khlong Hok and other projects for the government sector and from the revenues of the distribution and provision of Data & Document Management and Cyber Security business in which the Company has expanded the services to government and private sectors.
As a result, the total revenues from sales and services amounting to 1,828.69 million Baht, increased by 419.00 million Baht compared to the same period of previous year, which was a 30% increase. Additionally, in 9M ‘2024, the Company recognized a share of profit from the investment in associates and joint ventures which increased by 33.80 million Baht compared to the same period of previous year.
The company had a gross profit margin at 29%, which remains consistent with the same period of previous year. This margin is primarily generated by its distribution and provision of Data & Document Management and Cyber Security services and the Technology Engineering Projects of government sector business.
For 9M’2024, the Company generated total revenues from sales and services of 1,828.69 million Baht, increased by 419.00 million Baht compared to the same period of previous year, which was a 30% increase, mainly from the increase in revenues as follows:
- Revenue from the Technology Engineering Projects of government sector increased from the expansion of the technology engineering business in which mainly from the Construction of the New Zoo Phase 1, Khlong Hok which has progressed to the building system installation phase and the development of systems and applications, representing 20 percent of the revenue from the Company’s proportion value.
- Revenues from the Distribution and Provision of Data & Document Management and Cyber Security business due to the Company’s expansion in software development services. In Q3 ’24, the company commenced to provide nationwide data entry services for online land registration with the Department of Lands, a project valued at 221.39 million Baht in which it covered 104 services branches.
