Italian-Thai Development Public Company Limited (ITD) has announced the operating results of the company’s consolidated financial statements for the quarter 3 ending September 30, 2021, and the first nine-month of 2021 through the Stock Exchange of Thailand as follows;
ITD reported a net loss of 1,269.86 million baht for the third quarter ended September 30, 2021, up 160% from a net loss of 488.18 million baht in the same period last year, and a net loss of 853.50 million baht for the first nine months of 2021, down from a net loss of 974.84 million baht in the same period last year.
In the first nine-month of 2021, ITD’s revenues from construction work were 35,946 million baht, an increase of 1,974 million baht from the previous year, mainly from the increase of revenues from subsidiaries and joint ventures. Revenues from Sales and Services were 6,099 million baht , an increase of 671 million baht from the previous year, mainly from the increase of mining services.
Gross profit was 2,713 million baht, a decrease from the previous year for which the gross profit was 2,923 million baht. While the company’s gross profit margin in the first nine-month of 2021 was 6.45%, a decrease from the previous year for which the gross profit margin was 7.42% mainly from the decrease of gross profit from construction works in oversea subsidiaries and branches and from mining services.