Airports of Thailand net profit halves in Q2FY2020

Airports of Thailand reported (14-May-2020) the following financial highlights:

• Three months ended 31-Mar-2020:
  • Total revenue: THB12,328 million (USD394.3 million), -29.8% year-on-year;
    • Aeronautical: THB6743 million (USD215.6 million), -30.7%;
      • Departure passenger service charges: THB4965 million (USD158.8 million), -34.3%;
      • Landing and parking charges: THB1584 million (USD50.7 million), -19.0%;
      • Aircraft service charges: THB193.5 million (USD6.2 million), -10.8%;
    • Non-aeronautical: THB5159 million (USD165.0 million), -30.2%;
      • Concession revenues: THB2977 million (USD95.2 million), -36.4%;
      • Service revenues: THB1618 million (USD51.7 million), -24.3%;
      • Office and state property rents: THB563.7 million (USD18.0 million), -2.2%;
  • Profit before tax: THB4582 million (USD146.5 million), -52.3%;
  • Net profit: THB3648 million (USD116.7 million), -52.4%;
• Six months ended 31-Mar-2020:
  • Total revenue: THB29,438 million (USD956.8 million), -11.7% year-on-year;
    • Aeronautical: THB15,748 million (USD511.9 million), -13.7%;
      • Departure passenger service charges: THB11,844 million (USD385.0 million), -15.1%;
      • Landing and parking charges: THB3495 million (USD113.6 million), -9.7%;
      • Aircraft service charges: THB408.9 million (USD13.3 million), -5.8%;
    • Non-aeronautical: THB12,259 million (USD398.5 million), -14.1%;
      • Concession revenues: THB7380 million (USD239.9 million), -18.5%;
      • Service revenues: THB3730 million (USD121.2 million), -8.8%;
      • Office and state property rents: THB1148 million (USD37.3 million), -0.7%;
  • Profit before tax: THB13,769 million (USD447.5 million), -21.9%;
  • Net profit: THB10,996 million (USD357.4 million), +15.0%;
  • Total assets: THB185,979 million (USD6040 million);
    • Cash and cash equivalents: THB13,874 million (USD451.0 million);
  • Total liabilities: THB35,752 million (USD1160 million). [more - original PR]

*Based on the average conversion rate at THB1000 (USD31.98) for the three months ended 31-Mar-2020
*Based on the average conversion rate at THB1000 (USD32.50) for the six months ended 31-Mar-2020