TEAMG’s 3Q21 Earnings Rise 15% to THB33 Million

TEAM Consulting Engineering and Management Public Company Limited (TEAMG) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

TEAMG earned a net profit of 33.45 Million Baht, increasing from the same period of 2020 by 15%. The net profit margin in this third quarter increased to 7.7% of the total revenue, compared to 6.7% in the same period of 2020.

The total revenue of the company for the third quarter ended 30 September 2021 was 440.23 Million Baht, increasing by 1.6% from the total revenue of 433.33 Million Baht in the third quarter of 2020. The total revenue in this quarter consisted of service revenue in the amount of 434.12 Million Baht and other revenue of 6.11 Million Baht.

The administrative expenses in the third quarter of 2021 slightly diminished by 4.0%, resulting in the administrative ratio to total revenue declining to 17.4% compared to 18.5% in the same period of last year.