ITD Turns to Record a Net Loss of ฿107m in 3Q19 from Higher Cost of Construction Work

Italian-Thai Development Public Company Limited (ITD) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

ITD posted a net loss of 107 million baht in the third quarter of 2019, compared to a net profit of 119 million baht in the same period of last year. The decline was due to lower interest income in the quarter which recorded at 31.8 million baht when the company booked 126 million baht in 3Q18.

Moreover, the cost of construction work also increased from 11.8 billion baht in 3Q18 to 13.2 billion baht in 3Q19.