Outstanding Sales Revenue and FX Gain Push GUNKUL’s 2Q21 Earnings Up 88%

Gunkul Engineering Public Company Limited (GUNKUL) has announced its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

GUNKUL’s overall operating result for the year ended 30th June 2021 has a profit based on profit sharing (loss) attributable to the company, showing a net profit for the 3-month period was 523.73 million baht and for the 6-month period was 1,132.329 million baht, compared to the same period of previous year, showed net profit for the 3-month period, amounting to 279.24 million baht, an increase of 87.56%, and for the 6-month period, showing the amount of 718.33 million baht, an increase of 57.63%. 

GUNKUL has total revenue for 2Q21 of 2,235.83 million baht, an increase of 25.61%, compared to the same period of the previous year showed total income of 1,780.03 million baht, and total revenue for the 6-month period showing a total of 4,438.11 million baht, an increase of 29.09%.

Gain on foreign exchange for the 3-month period was 129.64 million baht, compared to the same period of the previous year showed a profit of 42.12 million baht, an increase of 207.79%, and for the 6-month period showing a profit of 133.84 million baht, compared to the same period of the previous year, showing a loss of 38.31 million baht. This is a result of hedging the foreign exchange risk of liabilities payable in foreign currency.

In addition, GUNKUL has passed a resolution to offer an interim dividend payment at the rate of 0.06 baht per share to be paid on September 9, 2021, with an Ex-dividend date on August 25, 2021.