OCEAN’s Performance Flips to Book a Loss of ฿17Mn in 3Q

OCEAN’s Performance Flips to Book a Loss of ฿17Mn in 3Q

Ocean Commerce Public Company Limited (OCEAN) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows; 

OCEAN has net loss for the 3rd quarter of 2020 amounted Baht 16.78 million and, compared to the net profit of Baht 12.89 million for the 3rdquarter of 2019 as total revenues for this period was Baht 12.64 million, decreasing 97.48% YoY, being the decrease in revenues from palm oil trading business and the Covid-19 pandemic situation is still the main factor which effects to all over the world, resulting in an economic slowdown.

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