OCEAN Reports a Decrease in 2Q Profit of 76.5% due to a Lower Revenue from Palm Oil

Ocean Commerce Public Company Limited (OCEAN) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

OCEAN reported a net profit of 4.8 million baht in 2Q20, a decrease of 76.5% from a year ago, mainly due to the decrease in revenue from the business palm oil trading. While the total revenues for the 2nd quarter of 2020 decreased 92.95% to 54.09 million baht compared to the same period in 2019.