AAV’s 2Q19 Loss Rises 58% from a Decrease in INT’L Tourists and Thai Baht Appreciation
AAV’s 2Q19 Net Loss Rises 58% from a Decreasing in Number of International Tourists and Thai Baht Appreciation
AAV’s 2Q19 Net Loss Rises 58% from a Decreasing in Number of International Tourists and Thai Baht Appreciation
13 ส.ค. 2562

Asia Aviation Public Company Limited (AAV) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

AAV had total revenues of THB 10,015.3 million and a net loss of THB 482.5 million, increasing 58% YoY, mainly resulting from lower-than-forecast foreign visitation to Thailand. Besides, Thai baht has soared against the U.S. dollar this year, making it leaps ahead of other regional currencies. In Q2/2019, AAV had total revenues of THB 10,015.3 million, increased by 8% YoY at THB 9,302.6 million. Whereas, total expenses were at THB 10,804.3 million, rose by 10% YoY.
Therefore, net loss/ loss from total comprehensive income for the period attributable to equity holders of AAV amounted to THB 482.5 million, increased by 58% YoY, and basic loss per share was at Baht 0.0995.