BTS Group Holdings Public Company Limited (BTS) has reported its 3Q20 consolidated financial statement, ending December 31, 2019, through the Stock Exchange of Thailand as follows;
In the 9-month period, BTS recorded a net profit of THB 4,631mn, rose by THB 2,385mn or 106.2% YoY. Net profit growth was mainly attributable to improved performances within BTS’ Mass Transit and Media businesses and higher share of net profit from investment in U City Public Company Limited (U), following the gain of THB 1,118mn from the sale of Mo Chit Land Company Limited (Mo Chit Land) by U City, being partially offset by higher finance cost and income tax.
As for the third quarter, BTS’ recurring net profit (after minority interests of THB 191mn) stood at THB 2,378mn, a substantial increase of 142.7% or THB 1,398mn YoY and profit of BTS was THB 2,460mn, increasing considerably by 106.9% or THB 1,271mn YoY. The growth was chiefly from an increase in recurring gross profit and a higher share of net profit from associates/ JVs.