AOT 1Q20 Profit Jumps 15% to ฿7.3bn as Revenue and Other Income Rise

AOT’s net profit for the three-month period ended December 31st, 2019 was Baht 7,334.72 million, increased by Baht 959.09 million or 15.04% YoY.

Airports of Thailand Public Company Limited (AOT) has reported its 1Q20 consolidated financial statement, ending December 2019, through the Stock Exchange of Thailand as follows;

AOT’s net profit for the three-month period ended December 31st, 2019 was Baht 7,334.72 million. It increased by Baht 959.09 million or 15.04% compared to the same period last year. Revenues from sales or services increased by Baht 708.24 million or 4.60% as a result of an increase in aeronautical revenue of Baht 480.20 million or 5.63% and non-aeronautical revenue of Baht 228.04 million or 3.32% because of increasing in number of passengers. Other income increased by Baht 612.27 million or 153.14%. Total expenses increased by Baht 165.81 million or 2.14% which mainly from an increase in employee benefit expenses. Income tax expense increased by Baht 195.15 million or 11.88% which was in line with an increase in profit.

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