MK Faces a Net Loss of ฿26m in 3Q19 after Costs and Expenses Hike 6%

MK Faces a Net Loss of ฿26m in 3Q19 after Costs and Expenses Hike 6%.

M.K. Real Estate Development Public Company Limited (MK) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

MK reported a net loss of THB 26.14 million in the third quarter of 2019, compared to a net profit of THB 1.39 million in the same quarter last year. In this quarter, MK recorded total costs and expenses of THB 791.05 million, increased by THB 44.16 million or 5.91%, when compared to the same period of last year.

However, MK still posted a higher revenue from sales and service at THB 751.45 million, increased by THB 18.65 million or 2.54% from the same period of last year.

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