2023-08-15 15:54:16
AOT (AOT) reveals the third quarter of fiscal year 2023 with a 243% profit growth of 3,155.63 million baht, in line with analysts’ expectations. from an increase in the number of flights and passengers Recently, the broker estimates that the profit for the full year of fiscal year 2023 will reach 10,040 million baht.
AOT turned a profit of 342.77 million baht in the past 2 years by virtue of the installment of COVID-Thai people traveling abroad
AOT shows the 2nd quarter of 2023 profit 1,860.53 million baht, growing 156.78%
Airports of Thailand Public Company Limited or AOT (AOT) reports operating results for the third quarter of the fiscal year 2023 (three-month period ending June 30, 2023). The company has a net profit of 3,155.63 million baht, growing 242.9% compared to the same period of last year and had a total income of 13,157 million baht, an increase of 163.85% compared to the same period last year.
The main reason was an increase in aviation revenue. and revenues that are not related to aviation due to the increase in the number of flights and passengers
Aeronautical revenue was 6,054.5 million baht, an increase of 192.2% due to the number of passengers at 6 airports, an increase of 85.1%. and service income. Other income was 202.75 million baht, a decrease of 36.76%.
The company’s total expenses were 8,309.4 million baht, an increase of 18.59% from the same period last year. Mainly from the increase in employee benefit expenses. outside wages utility bills and loss on impairment of assets
As of June 30, 2023, the company had total assets of 189,662.93 million baht, an increase of 3.18% from the end of September 2022 and total liabilities of 81,282.62 million baht, a decrease of 0.01% from the end of September 2022, while cash And cash equivalents were at 3,979.55 million baht, an increase of 181.9 million baht from the end of September 2022.
In addition, AOT stated that the Board of Directors had resolved on June 21, 2023 to hire surveys and designs for the Don Mueang Airport Development Project, Phase 3, while Suvarnabhumi Airport is in the process of building a third runway and plans to open the building. Comparison of the 1st secondary aircraft in September 2023
As for allowing AOT to manage Udon Thani Airport Buri Ram Airport and Krabi Airport It is in the process of applying for a public aerodrome operating certificate from the Civil Aviation Authority of Thailand. And following that, it must be presented to the Cabinet for acknowledgment in order for AOT to continue to manage.
Recently, AOT shares closed on August 15, 2023, priced at 70.75 baht per share, down 0.70% from the morning and since the beginning of the year 23, the value has decreased by 5.9%.
Asia Plus Securities said that AOT’s normalized profit for the third quarter of 2023 came out as expected by the research and market department at 3.2 billion baht, which came from discounts offered to traders that gradually returned to normal levels since April 2023 as compensation. Flight volume decreased by 1.7% from the previous quarter to 160,000 flights (49.5% increase from the same period last year), while total revenue was 13 billion baht, higher than expected by 3%.
The research department estimates AOT’s 2023 normalized profit at 10 billion baht, representing 40% of the pre-COVID-19 period. And expects profit in the fourth quarter of 2023 to be at 4.4 billion baht from the entry of the Thai tourism season.
While in 2024, the research department estimates normal profit at 27 billion baht, growing 168% from the previous year. and beyond pre-COVID-19 levels
Read more details at: Management Discussion and Analysis Quarter 3 Ending 30 Jun 2023
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