VNT Posts a Profit of ฿3.6bn with an Increase by 18.83%

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

VNT recorded the total revenue of 18,830 million baht decreased by 1,341 million baht or 6.7% comparing to the year 2018. Such decrement was due to the overall selling price decrease, plus impact from appreciation of Thai Baht against US Dollar.

VNT as well posted a net profit of 3,635 million baht increased by 576 million baht or 18.8% from 2018, which due to the recognition of deferred tax assets from loss carried forward of VNT and its subsidiary.