SCN Posts a Profit of ฿46mn in 1Q20

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

SCN reported a net profit of 46.2 million baht in 1Q20, decreased 36.4% when compared to a net profit of 72.6 million baht in 1Q19 mainly caused by comparing with high base profit in previous periods which was boosted by a recognition of one-off revenue from the delivery of NGV buses in 1Q19 and non recurring gain from a discontinued Dealership business in 4Q19 respectively.

 

Despite a significant drop in Gas-related business, Overall net profit margin increased to 10.1%, on the back of a recognition of income gain from land expropriation and a flourish amount of shared profit contribution from Minbu solar power plant.