CHEWA’s 1Q19 Profit Fall 88% to ฿6.79M Effects by Decreasing in Real Estate Sales

Chewathai Public Company Limited (CHEWA) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

For the Quarter 1/2019, CHEWA recorded the net profit THB of 6.79 million or net profit as 1.99 %, a decrease of 50.45 million baht from the previous year or 88.14%. Affected by the decrease in revenue from real estate sales.
Currently, the Company has 13 projects under construction divided into 5 Condominium projects and 8 Housing projects, which expect will be completed and recognized in 2019