AOT 1Q20 Profit Jumps 15% to ฿7.3bn as Revenue and Other Income Rise

Airports of Thailand Public Company Limited (AOT) has reported its 1Q20 consolidated financial statement, ending December 2019, through the Stock Exchange of Thailand as follows;

AOT’s net profit for the three-month period ended December 31st, 2019 was Baht 7,334.72 million. It increased by Baht 959.09 million or 15.04% compared to the same period last year. Revenues from sales or services increased by Baht 708.24 million or 4.60% as a result of an increase in aeronautical revenue of Baht 480.20 million or 5.63% and non-aeronautical revenue of Baht 228.04 million or 3.32% because of increasing in number of passengers. Other income increased by Baht 612.27 million or 153.14%. Total expenses increased by Baht 165.81 million or 2.14% which mainly from an increase in employee benefit expenses. Income tax expense increased by Baht 195.15 million or 11.88% which was in line with an increase in profit.