TASCO’s Profit in 2019 Soars 4.5 Folds as Revenue from Sales/Service Hits ฿36.9bn

Tipco Asphalt Public Company Limited (TASCO) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

TASCO reported a net profit in 2019 at 3,123 million baht, increased 453% when compared to a net profit of 564 million baht in 2018. The increase was mainly due to its higher sales and services revenue which recorded at 36,893 million baht, increased 33.52% YoY.

Moreover, the company also recorded an additional revenue from the fire insurance claim payment of 593 million baht while also booked 467 million baht from gain on foreign exchange, compared to 122 million baht in 2018.