GLOW Records a 16% Increase of Profit in 2Q after Turning FX to a Gain of ฿246m

Glow Energy Public Company Limited (GLOW) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

GLOW recorded a net profit in 2Q19 at THB 2,089 million, increased 16.32% YoY. The increase of net profit was due to a turnaround of foreign exchange to book a gain of THB 246 million when the company faced a loss of THB 465 million in 2Q18. Moreover, the cost of sales and services also decreased by THB 263 million in 2Q19.