PRM Announces an Increase of 63% in 3Q Profit, Booking ฿411Mn from Higher Gross Profit

Prima Marine Public Company Limited (PRM) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

The net profit of PRM in Q3/2020 was 411 million Baht increased by 62.76% YoY due to revenue increased by 66.6% compared to Q3/2019 which was from the increase in chartering rate as negotiated since the late of Q1/2020 and the gross profit highly increased by 144.5% due to the low bunker fuel price which is the main cost in operation.