SKY Records THB 481 Million Net Profit in 2024 with Robust Revenue from Project Deliveries

Sky ICT Public Company Limited (SET: SKY) has announced its 2024 consolidated financial statement through the Stock Exchange of Thailand as follows:

Year 2024 2023
Net Profit (Loss)

Million Baht

481.00 537.00
Earning Per Share

(Baht)

0.6800 0.7900
% Change -10.43

 

SKY’s net profit for 2024 stood at THB 481 million, reflecting a decrease of THB 56 million or 10.4% compared to the previous year. This decline was primarily due to a one-time gain of THB 141 million (net of income tax) recognized in 2023 from a change in the Group’s investment stake in TKC.

However, excluding this non-recurring gain, the Group’s core operating performance improved by THB 85 million, representing a solid growth of 21.46% from the previous year.

For the full-year 2024, the Group reported total revenue of THB 6,744 million, an increase of THB 2,599 million or 62.7% compared to the previous year. The revenue growth was primarily driven by higher aviation-related service revenue, as well as an increase in sales and implementation of Information and Communication Technology systems (SI), resulting from project deliveries throughout 2024.

Additionally, the Board of Directors came to a resolution that the company would omit its dividend payout for the operations of last year.