ITEL’s 2Q21 Earnings Drop 18% due to a Dip in Sales Revenue
ITEL’s 2Q21 net profit was Baht 47.13 million and the net profit margin was at 10.41% which was lower than that in the same period in 2020.
Interlink Telecom Public Company Limited (ITEL) has announced its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
ITEL’s net profit for the three-month period ended 30 June 2021 was Baht 47.13 million and the net profit margin was at 10.41% which was lower than that in the same period in 2020 which net profit was Baht 57.80 million and the net profit margin was at 12.50%, as a result of total revenues of Baht 452.79 million in which they were decreased from the prior year by Baht 9.61 million, 2.08%.
Meanwhile, costs of services are the main expenses of the company amounting to Baht 329.28 million for the three month period ended 30 June 2021. It was higher than the same period of 2020 by 1.26% which was aligned with the service incomes.
