STARK Rebounds in 3Q, Booking ฿462Mn as Core Revenue Increases 66%

Stark Corporation Public Company Limited (STARK) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

STARK reported a net profit of 462 million baht in 3Q20, rebounded from a net loss of 81 million baht in 3Q19.

The company has core revenues of 4,655 million baht in 3Q20, increased 66.4% from the same quarter last year. The increase was mainly due to the revenue recognition from the wire and cable business in Vietnam. The wire and cable business in Thailand (PDITL) in the third quarter of 2020 grew approximately 2.6% from the same period last year.