COTTO Posts a Net Profit of ฿168mn in 2019 after Recording High Value in Land Sale

COTTO reported a net profit of 168 million baht in 2019, increased from a net loss of 3.58 million baht in 2018.

SCG Ceramics Public Company Limited (COTTO) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

COTTO reported a net profit of 168 million baht in 2019, increased from a net loss of 3.58 million baht in 2018, mainly affected by the decline in energy cost from last year, efficiency increasing in management and operation and increasing profit for period from land selling in Nong Khae industrial estate.   

For the period of FY2019, COTTO’s revenue from sales amounted 11,074 million baht, dropped 4% YoY due to decreasing in sales volume and average selling price, and revenue from land selling in Nong Khae industrial estate amounted 203 million baht in 2019 while 2018 amounted 43 million baht.

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