CHO Makes a Turnaround to Book a Profit of ฿46M. in 2018 from High Revenue!
CHO has reported a profit of THB 45.97 million in 2018 due to higher revenues from contract work.
CHO Thavee Public Company Limited (CHO) has reported its consolidated financial statement yearly 2018 through the Stock Exchange of Thailand as follows:
CHO has made a turnaround from a loss of THB 19.50 million in 2017 to see a profit of THB 45.97 million in 2018. The increase was mainly due to higher revenues from contract work amounted 2.05 billion in 2018, compared to 1.39 billion in 2017.
Moreover, the company has started to recognize income from the delivery of NGV air-conditioned buses, and will also receive the maintenance income worth ฿30 million per month or ฿360 million a year for 10 years.