RATCH’s 3Q Profit Jumps 26% to ฿1.7Bn, Owing to the Gain on FX

Ratch Group Public Company Limited (RATCH) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

The operating result of RATCH for the 3rd quarter of 2020 showed the profit of THB 1,722.23 million, increasing THB 357.39 million or 26% from THB 1,364 million YoY. The gain on FX increased the profit in the amount of THB 300.29 million.

 

The main reason was due to the appreciation of AUD currency in relative to USD currency. However, the operating result without consideration of the effect of FX gain (loss) of the Company and subsidiaries showed a profit of THB 1,585.42 million.