MINT’s 3Q19 Profit Jumps over 3 Folds, Posting Higher Revenue from NHH and Tivoli

Minor International Public Company Limited (MINT) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

MINT posted revenue of 34,277 million baht and a net profit of 4,560 million baht in 3Q19, on YoY basis, the numbers increased more than two-fold and three-fold, respectively. The increases were the result of strong contribution from NH Hotel Group and gain on sale of the three Tivoli assets in Portugal as part of MINT’s successful asset rotation strategy. MINT’s Hotel & Mixed-Use revenue increased from 8,992 million baht in 3Q18 to 27,397 million baht in 3Q19, posted an increase of 205%.