RP’s 2Q19 Profit Falls 44% due to a Higher Corporate Income Tax from Expired Ferries

RAJA Ferry Port Public Company Limited (RP) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

RP’S 2Q2019 net profit was THB 6.23 million or 3.38% of the total revenue and net profit per share is  THB 0.03, a decrease of THB 5.05 million or 44.76% YoY. As ferry that has been promoted from BOI has already expired, lead to higher corporate income tax, and decrease in net profit, respectively.