U Turns Around from Net Loss to Profit of ฿1,867mn

U City Public Company Limited (U) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

U reported a net profit of 1,867 million baht increased from a net loss of 634 million baht in 2018, mainly resulted by an aforementioned higher EBITDA as well as increased share of profit from joint ventures and lower finance. Total revenue increased by 53.4% YoY to 10,145 million baht.