ATP30’s 1Q Profit Plunges 55% as a Result of Service Revenue Contraction

ATP30 Public Company Limited (ATP30) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

ATP30 reported a net profit of 5.46 million baht in 1Q20, decreased 55.18% when compared to a net profit of 12.17 million baht in 1Q19 mainly due to a service revenue has decreased and the effect of the revised financial reporting standard no.9 “Financial Instruments” and no.16 “Financial Leases”.

 

For the three-month period in 2020, ATP30 had service income equal to 103.00 million baht, a decrease of 9.89 million baht or equivalent to 8.76% compare to the same period of the previous year, the result of service contracts non renewal and the existing clients is affecting to the covid-19 situation as reduction production and working time are affecting to ATP30’s service decreased.