Syntec Construction Public Company Limited (SYNTEC) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
SYNTEC reported a 2Q2019 net profit of THB 67.21 million, decreasing by 70.03% YoY. A total profit in 2Q2019 attributable to the owners of the Company in consolidated financial statements of THB 53 million, decreasing by THB 165 million or 75.69 % by the reasons for changing due to a revenue from construction increased from THB 1,392 million to THB 1,881 million, but gross profit margin decreased from 16.27 % to 11.34 % or gross margin decreased of THB 13 million.
The revenue from room service increased from THB 82 million to THB 104 million, but gross profit margin decreased from 28.48 % to 17.46 % or gross margin decreased of THB 5 million.
A gain on disposal and write off of assets decreased of THB 143 million and the interest income increased of THB 1 million. The other income decreased by THB 2 million. The selling and administrative expenses increased by THB 35 million and other expense increased by THB 3 million. Moreover, the finance costs increased by THB 1 million as well as an income tax expense decreased by THB 36 million.