BJCHI Recovers in 2Q to Record a Profit of ฿12.3m after the Recognition of Higher Revenue

BJC Heavy Industries Public Company Limited (BJCHI) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

BJCHI made a turn around to record a profit of THB 12.3 million in the second quarter of 2019, compared to a net loss of THB 1.79 million from the same period of last year. The main reason for the increase was due to the recognition of revenue from the UPGN Comperj Project and Santos Onshore Upstream Development Project which began to be fully operational this year. In addition, BJCHI has received additional work of Ophir project, as well, resulting in better performance in 2Q19.