SAMTEL’s Net Profit Drops 68% in 1Q Due to Lower Revenue from Sales and Services

Samart Telcoms Public Company Limited (SAMTEL) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

The consolidated net profit of the company was THB 15 million, compared net profit with Q1 2020 at THB 47 million decreased by THB 32 million or 67.6%, from the same period of last year. The company still has earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) was THB 129 million decreased by THB 231 million or 64.1% from Q1 2020.

 

The consolidated total revenues for Q1 2021 were THB 1,239 million, decreased by THB 442 million or 26.3% from Q1 2020 mainly from revenue from sales, contract work, services, and rental were THB 1,232 million, decreased by THB 446 million or 26.6% compared to Q1 2020, major decreased is caused by in Q1 2020 the company recognized more revenue from implementation progress of a large project such as the  project of  Design, Supply,  Development, Implementation, and Maintenance of Core Business Software was THB 435 million, resulting in a decrease in the company’s performance compared with Q1 2020