ITD’s FY2019 Books a Net Loss of ฿37mn Due to an Increase of Costs

Italian-Thai Development Public Company Limited (ITD) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

ITD reported a turnaround to net loss of 37.34 million baht from a net profit of 305.62 million baht in 2018. ITD’s revenues from construction work, sales and services were 62,221 million baht, an increase of 1,578 million baht from the previous year partially from the increase of revenue from the progress of large projects such as the Nong Faab, LNG Receiving Terminal project, the Bang Pakong Combined Cycle Power Plant project, the One Bangkok Mixed-Use (Substructure) project, , the Track Doubling project: Map Kabao – Thanon Chira Junction C1 projectand the Overburden Excavation – Removal, and Coal Extraction at Mae Moh Mine Contract 9 project.

Together with an increase of costs of construction work, sales and services which were 55,703 million baht, up 1,620 million baht from 2018 in way of the increase of the revenues from construction work.