WIIK’s 1Q Profit Skyrockets Nearly 20,000% from an Increase of Sale Pipe Income

Wiik Public Company Limited (WIIK) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

WIIK reported a net profit of 24.39 million baht in 1Q20, increased nearly 20,000% when compared to a net profit of 0.12 million baht in 1Q19 mainly due to a backlog order as at year 2019 had increase of quantity and continuously delivered both from projects in Eastern Economic corridor (ECC) and from drought-related projects. Also from an increase of sale pipe income and domestic sales.