SAMTEL’s Net Profit Drops 68% in 1Q Due to Lower Revenue from Sales and Services
SAMTEL's net profit was THB 15 million, compared net profit with Q1 2020 at THB 47 million decreased by THB 32 million or 67.6%
SAMTEL's net profit was THB 15 million, compared net profit with Q1 2020 at THB 47 million decreased by THB 32 million or 67.6%
11 พ.ค. 2564

Samart Telcoms Public Company Limited (SAMTEL) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

The consolidated net profit of the company was THB 15 million, compared net profit with Q1 2020 at THB 47 million decreased by THB 32 million or 67.6%, from the same period of last year. The company still has earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) was THB 129 million decreased by THB 231 million or 64.1% from Q1 2020.
 
The consolidated total revenues for Q1 2021 were THB 1,239 million, decreased by THB 442 million or 26.3% from Q1 2020 mainly from revenue from sales, contract work, services, and rental were THB 1,232 million, decreased by THB 446 million or 26.6% compared to Q1 2020, major decreased is caused by in Q1 2020 the company recognized more revenue from implementation progress of a large project such as the  project of  Design, Supply,  Development, Implementation, and Maintenance of Core Business Software was THB 435 million, resulting in a decrease in the company’s performance compared with Q1 2020