SET Lifts SP Sign from SIMAT after Report a Soaring Profit of 187% in 1Q19

SIMAT Technologies Public Company Limited (SIMAT)’s “SP” sign has been lifted by SET after submitting financial statement of 1Q19 on 17 May 19 (Morning).

SIMAT has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

SIMAT recorded a net profit in the first quarter of 2019 at THB 6.11 million, increased 187.49% when compared to the net profit in the amount of THB 171.96 million in the first quarter of 2018.
The good operating performance business is Silkscreen Printing which generated profit of Baht 22.88 million which SIMAT has 70% shareholding in this subsidiary. Label business generated profit of Baht 3.76 million and the new business, Government Project, has recognized revenue and profit just a little as quarter 1 was being in survey process and submit of installation point. However, the business which generated net loss were IT business, Broadband and the subsidiary in Malaysia. The change of the operating performance of each business is as below.