Italian-Thai inks contract, sees 18% 9month profit drop

Italian-Thai inks contract, sees 18% 9month profit drop

30 November 2018

Italian-Thai Development Plc has inked a contract worth Bt5.34 billion for construction of a port and natural gas station in Rayong with PTT LNG Co Ltd, according to the company reports to the Stock Exchange of Thailand yesterday.

The contract will take time 30 months for construction, the company said.

Meanwhile, for the third quarter of this year, the company reported total revenue of Bt14.72 billion and a net profit of Bt119.13 million, up 3.63 per cent and 7.06 per cent respectively from the same period of last year.

This drives its total logged revenue to Bt43.76 billion in the first nine months of this year, up 10.25 per cent from the same period of last year. However, its net profit dropped 18.38 per cent to Bt201.29 million in the first nine months from the same period of last year.

Source: http://www.nationmultimedia.com/detail/Corporate/30359536