TKN’s Profit Falls 20% in 3Q to ฿128M. from High Expenses!

Taokaenoi Food & Marketing Public Company Limited (TKN) has reported its 3Q18 consolidated financial statement as follows:

TKN has the net profit in the third quarter in the amount of ฿128.8 million or equal to 8.5% of the revenue from sales which decreased by 19.5% compared to the same quarter of the previous year, mainly due to such increased costs from selling expenses and administrative expenses for 4.1% and 2.8%, respectively.

TKN also has the net profit for the first nine month in the total of ฿434.5 million or equal to 10.3% of sales revenue, decreased by 6.8% from the same period of the previous year.