TRC Turns to Book a Profit of ฿11mn in 1Q from a Higher Construction Services Income

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

TRC reported a net profit of 11.64 million baht in 1Q20, made a major turnaround when compared to a net loss of 47.82 million baht in 1Q19 mainly due to an increase of construction services income.

 

The construction services income was recorded at 951.33 million baht, increasing by 161.80 million baht or 20.49% YoY that was recognized from the closing phase pipeline project, carried forward from previous year at 163.10 million baht. Whereas, the revenue of this period was recognized from civil work at 476.61 million baht, piping work at 338.22 million baht and engineering work at 134.39 million baht.